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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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Boeing. Trouble Where Trouble Shouldn't Be.

  Look at it's 30 day, 5 day and Y.T.D charts. Why does the stock keep falling? The company has a backlog of new orders. Is the company getting so big that it can't manage all of its moving parts? It's so confusing. It's most recent quarterly report was great.


The scary part is that as the stock falls there doesn't seem to be any support levels. That's what makes thinking about trying to play them so difficult. That's why the volume of trading in them is next to zero. Well yesterday it was zero in two series I am watching. Not shown was surge in trading volumes on Boeing in the final few minutes of trade yesterday. In a way that was a tip-off as to the possibilities that the stock might rally on the opening on the following day. Here now are the closing prices of the 187.50 Calls on Boeing that expire this Friday and the following Friday. Remember the numbers $283.00 and $450.00.
Now let's look at how they are trading ten minutes after the opening bell on Oct.3th as the markets opened lower.
The near term Calls jumped from $2.83 to $4.67 and next next week Calls jumped from $450.00 to $620.00. Timing is everything. ** The DJI ended up closing the day down 430.97 points or down 1.29% Here is how the short term Calls we talked about closed the day and a look at Boeing's one day chart.
Writing blogs about Call option trades on down days in the market is not the norm.

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