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Ford Calls and a Big Surprise.

Look at this Ford chart on July 1at Now todays Call options. Every quarter these types of reports come out. This one was good. Watch for it Next July 1st. A $2.00 option went up to close at $37.00. In my introductory remarks to this blogging channel a few years ago I said many old farts driving Mustang convertables paid for them from money made on playing Ford options. This bounce today in the Call prices based on this good news report of rising sales was one of those events. Now this, the strenght continued into the following day which is Wednesday July 2nd. This is a short week for option trading with tomorrow being the last day. Action like this is extremely rare.
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What Do You Do On A Strong Opening?

There is not much you can do because you have missed the boat. Look at these charts this morning.
What an opening. Caterpillar went on to close the day out up $17.20.
A crazy opening. Now look at this. A Costo 640 Put at 9:44 a.m.
Now look at how this Put closed the day.
When you see a stock struggling in a market on fire to the upside it means it could be a play. *** Here is Costco on the opening the following day which is a friday. In these kind of markets you have to take profits when they are there.

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