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Walmart Again

On Monday I did a blog on buying this week's Call options on Walmart. Today is now Thursday and there was a big crash in the markets yesterday. For example, Tesla had an insane selloff. Here is what happened to it. Today it is slightly rebounding as are so many other stocks. Thursdays however as oftened mentioned are not a good time to be purchasing one day options on stocks that expire the next day. So how is any of this revelant to Walmart's trading today? Well, there was a whole bunch other stocks that got knocked yesterday that might now rebound back up again together. Look at the chart below of Walmart and see how it was off a couple of dollars yesterday. Could you buy in now and get out later in the day? Fantasy thinking, one might say. Could it sneak up even one dollar? Now this. The stock mid morning is now merely trading sideways. Now look at this, the 93 series of Calls. (On Monday we were looking at the 94 series of Calls). At 10:22 a.m. the stock is up six cents...
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A "Cat" Suprise On A Friday And A Mention of "Rivian" The Most Actively Traded Stock By Share Volume On The Week On The Nasdaq

It happened. A friday rally on the stock Caterpillar. See the chart.
So 15 minutes into the trading session and Caterpillar is up just over 1 dollar. Look at the spread on the bid and ask on these slighty "out-of-the money Calls". If you want to buy them just below the asking price the bid and ask will usually be bumped up. If your waiting for a fill and you are somewhere with a bid between the bid and ask waiting for a fill which doesn't seem to be happening you can cancel your order and then resubmit in to see if that works. It might.In these early moments of market trading on a Friday morning no one really knows what to expect. These are once again Call options that expire at the end of the trading session. Well it's actually 3:00 p.m. when you have to close out your positions. That a special rule they impose on options that expire on that day. Now shown is how these same Calls closed out the day. Can you see how high these Calls jumped at one point in the day?
Now it's five day chart.
Look at how the chart had a "U" formation going into Friday morning. Once it started to shot up there was no turning back. With charts like this it makes for pretty exciting action. One strategy I eluded in recent blogs is to put in buy orders at low prices on Friday morning one day options and hope for miracle fills in the premarket.It can happen in the premarket jitters. Most option traders stay away from short term options like this. Maybe they wouldn't if they read more blogs like this. *** Rivian was another Call option outperformer on Friday.
All of the Call options on this stock with different striking prices did well. Read my recent previous blog on it. Rivian announced a 50% quarter-over-quarter jump in units made and sold. It was up $8.04 cents on the week and was the Nasdaq most activity traded stock by share volume. Nio, another electric car company I often mention was the most activety traded stock on the NYSE by share volume. Tesla gained another $12.66 on the week. They delivered 466,000 units in the June quarter - 5% more than expected. That's huge.

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