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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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One Week Options. Are They A Good Bet In Times like This?

Look at how these these four stocks traded last week. 1)
What a great week for one week Call option players on Boeing even though the stock ended up down .83 cents on the week. 2) Roku. Roku hasn't yet recovered from a not so good quarterly report. Roku lost $1.13 on the week. (Netflix in somewhat the same space was up $35.780.)
3) Disney suprised. I talked about that in a recent blog.
4) Now Caterpillar. It was up $12.83
Now The D.J.I. was down .11% or basically flat. In good times Call options can be your best friend. To be continued. Now let us look at the next week's action. Let's begin with Boeing. Here is it's Monday March 4th one day chart.
Look at the buying opportunity which presented itself around 10:00 a.m. Next Roku. Look a how it traded on the day. Can you see how buying in on the opening would have been a mistake? That is a common theme with one week Calls on a Monday morning. Buying into it during the late morning was better.
Now Disney. First it's one day movement.
Note the strong open interest numbers.
Now Caterpillar. Last week it had a strong run up in price so it would seem to be more vulerable to a breather on the opening today.
All this happend on a day when the markets were down.
To be continued. Now a Wedneday after the closing bell update on March 6th. Everything is down.
Two days of going sideways like this is unheard of. Now Roku
It's 30 day chart tells us not to expect to much in the next couple of days.
Now Disney. It suprised last week on unexpected news. Not so much this week.
When the open interest in a series of Calls like this starts to creep up you know the option makers want to see the stock flounder for a few more days. Now Caterpillar. It's down. It still looks like it has some upside.
A March 9th weekend update. Boeing 198.49, Roku 64.50, Disney 110.32 and Caterpillar 339.19. The D.J.I. fell .9%. It was the second weeek that this index went sideways. Let's check in on these four stocks at the end of next week.

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