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What Can Happen With One Day Options On A Friday when the "DJIA " Jumps 600 Points

When I sit with my friends on the weekend do I tell them about how Walmart call options traded on the previous day? If I am riding the subway do I talk to the guy next to me about this? Do I tell my boss? My point is, no one cares. People have soceer games to go, cars in getting fixed and all kinds of stresses to deal with. Who wants to watch their computer screens all day trying to outsmart the markets. I get it. Yet if you were good at it, wouldn't this be a fun hobby to have? Now this. A recap of what happened this past Friday. Now a look at one series of Call options with a focus on the high of the day and low on the day contract price. Look at the jump. Now a look at it's one day trading chart. The markets don't usually rally this much on a Friday afternoon. In a way it's a game of being in the right place at the right time. Yet there more to it than that. Knowing what to look for is equally as important. I note that seldom do one day Call options turn out th...
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Boeing Calls Going Into a Friday Morning After dropping $4.77 on a Thursday.

I tracked the action on the 190 Boing Calls all week and watched the stock surge on Monday and Tuesday. Read my recent blogs. I cautioned that the action could change direction mid-week. It did. Trading Monday and Tuesday Calls... that seemed to work but on a Wednesday they all lost speed. Here now is it's one, five and thirty day charts.
Note it flirted with the $199.50 range. Now look at this chart. It helps to create a different spin on things.
It's bouncing back up and look at how the 210 Calls we have being watching all week closed out the day. They closed at $2.08.
Is $2.08 a good price? Well consider this. These same Calls closed the day before at $9.75. Yes Boeing can bounce big if and when it decides to bounce. Are the Call options now playable with only one day to go? Given all that has recently happened I would say STAY AWAY. Why tie up money hoping for a one day blip? The charts now show that it could go either way. Looking for rebounds on a falling stock on a Friday morning is to rich an exercise for most traders. Now for a premarket opening news release.
Boeing is soon going to have a quarterly earnings report coming out. News like this is an unwelcome suprise.

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