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Opportunities Presented by Options on $30.00 Stocks.

Let's start with this chart. It's Pfizer. Would you have expected a pop like this, this morning? Now look at what the Call options did. I don't want to get into a discussion of "Can you read charts" however after one nice rally yesterday and second follow up rally could be expected. The 29.50 series of Calls doubled on a strong opening this morning. "Out-of-the-money" Calls on stocks in the thirty dollar price range call sometimes suprise.
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Walmart - Management Has Talked Down The Stock- Part Two Of A Blog Posted Two Days Ago Called The Santa Clause Rally

I spoke about Walmart in my Santa Clause bog two blogs back. Here is what happened today. Let's start at 2:30 p.m. and look at the 150 Walmart Calls which expire at the end of the week with three full trading days still to go.
Now 33 minutes later.
Then this happened..
Then.
They closed at $1.98:00 That's not a bad move in 90 minutes. One Comment. People fear trading short term options. It's Tuesday and time value (the lenght of time it has unit it expires) was not an issue to have to think about. In some ways short term options is the best game in town. **** Did the rally carry over into Wednesday? Yes and no. Look at the high on the opening. It did pop.
The path forward is now not as clear.*** What happened the next day? There was a slight uptick on the opening.
You would of had to be quick to get out near the top. Here is how they closed the day.
I don't like this chart as much as the chart from the previous day. *** Call me timid. The stock and the options jumped the following day Dec.13th.
Note the open interest remained the same. All the volume was day traders. Look at the one day chart. Can you see how compelling it was to hop back in?

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