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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...

Cat Puts or Calls - Going Into A Friday Morning.

First, a one day chart of Caterpillar on March 4th.
Now a March 7th five day chart. Can you see how it jumped in the last two days?
Now these closing readings on Thursday.
The above chart shows how the calls traded on the day and below the Puts.
Little volume and low open interest numbers. The real time to be watching these positions wil be thirty minutes into tomorrow's action looking for a reversal. Let's continue. Its Friday morning. Here we have a 9:46 a.m. printout of the 300 series Caterpillar Calls.
Take your profits, go away and forget looking for a reversal. The open interest number indicator doesn't add up. The deadline to get out of option positions on a Friday is 3:30 p.m. Here is readout of how these Calls were trading at 3:08 p.m..
Anyone with the guts to play Puts on the day could have done extremely well. Getting in after 10:a.m. and out around 2:00 p.m..
It baffles me why more traders do not have opportunities like this on their radar screens. Where is all the AI trading? I don't see it here. *** A look at the 340 Calls on Caterpillar on the following Friday, March 15th. It's pretty much the same story. Plenty of action on Friday with a relatively low amount of option trading.

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