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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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A Perfect Storm - McDonalds

Here is McDonalds one day trading chart on Friday March 15th. The DJI was down 190 points on the day.
That's nothing crazy unusual right? Yet there was news last week of a technical glitch.
On Friday morning things seemed to be normal until some sellers decided it was time to get out. Watch how these "out-of-the-money" Puts sold off down to $.02 ($2.00 a contract) in very early morning trading.
Some traders would have got very lucky. Friday mornings are the only time of the week option trading like this can happen.

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