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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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What To Focus On

Last week the top ten most actively traded stocks on the NYSE, Volume percent Leaders were in order, Beachbody (BODY), ProphyAqn, M3-Bridage, ApolloStrallA,TelecomArgentina, ConstellationA, Xperi, YPF, SilverBoxLLLA and CementoPacasm. All these names were new to me. The top ten on the Nasdaq, once again Volume percent leaders where AuroraTech, MorphoSys, iRobot, FocusImpact, Creud, CleanEatha, .... well you get the point. When you daytrade you should only have a handfull of names you feel comfortable trading. Forget all of the most active hype. Guess how much Ford was up last week? .14 cents on the week. What about Nio, the Chinese EV company so many people are trading? It was up 1 cent on the week. Lucid was down 1 cent and Apple was up .28 cents. With movements this small how can traders make any money? Last week I tracked both Ford and Deere Call options. Deere was off $19.96 on the week and Boeing was up $11.96. Pick names like this and follow their stories. Learn to play the reactions to earning reports. Stay away from the markets on days everything seems to be going sideways. Look for mid-week reversals and check out the upside and downside volumes at 10:30 a.m. on a Friday morning to see if midday rallies could materialize. Wait for hurricane notices and buy Home Depot Calls. If you like playing options that expire in a few days check your calendar to make sure no upcoming suprise holidays will jip you out of one days trading action. Find one year out options on stocks in the ten dollar range. Yes you can teach youself how to play options. Keep reading these blogs.

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