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What does the word disconnect mean? As a verb it means "to sever or interrupt the connection of or between; detach". Option trading - one day options - is a disconnect from the world. What happens to slightly "out-of-the-money" Call options on Costco when the stock shoot up thirty dollars on the day? I will show you what happened on Friday to Costco Calls and the options on a few other stocks I frequently watch. What a disconnect from the real world. But before that a look at how the indexes traded. 1) Costco. It's five day chart and a look at how three of it's option series moved upwards in one day. You may not know how to read these printouts but try to read the highs and lows on these option pricings. One printout shows an "at-the-money" option which means you are buying a contract on the stock, good for one day only at a locked in price equal to (or very close to) what the stock is currently trading at. The other two contracts shown are ...
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Mullen : A Quick Read On A Fascinating EV Development - Updated December 2023

The companies CEO has written this letter to his shareholders. First a look at how the stock is trading.
So here is the thing. There will be more investigated news coming out shortly on how the stock is being manipulated. Good luck on trying to figure that out. Amazingly the company has gotten this far and they are promising new vehicle deliveries in the next five weeks. That will be a major acheivement. Yet they will still need more money if they want to open up a new 650,000 square foot factory. This qualifies as a junk stock and most people would never waste their time following stories like this. It is however interesting. David Michery is not having fun times. *** Look at what has happened in the time it took me to write this blog, it dropped another 13%.
Now look at an end of day chart and the volume trading. One day reversals like this are rare.
It's back up again to $.74.** A Sept 3th update. Michery spoke out on a talk show called "Making money with Charles Payne which aired on Fox Business". He offered the following comparisons. The stock continues to fall.
What a crazy month of trading.** An Sept 15th and 18th update.
This stock still has a following. If Ford and G.M. are losing money how can a small little company like this ever make a go of it? Good question. Traders however still seem to like the action.
Now a December 2023 update. If you want to start watching this stock from this time forward you can.
It's still an exciting story.

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Living on Kraft Dinner?

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What does the word disconnect mean? As a verb it means "to sever or interrupt the connection of or between; detach". Option trading - one day options - is a disconnect from the world. What happens to slightly "out-of-the-money" Call options on Costco when the stock shoot up thirty dollars on the day? I will show you what happened on Friday to Costco Calls and the options on a few other stocks I frequently watch. What a disconnect from the real world. But before that a look at how the indexes traded. 1) Costco. It's five day chart and a look at how three of it's option series moved upwards in one day. You may not know how to read these printouts but try to read the highs and lows on these option pricings. One printout shows an "at-the-money" option which means you are buying a contract on the stock, good for one day only at a locked in price equal to (or very close to) what the stock is currently trading at. The other two contracts shown are ...
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