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Ford Calls and a Big Surprise.

Look at this Ford chart on July 1st. 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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Roku Again And Playing A Sideways Moving Stock

First its thirty day chart. It looks like it is sleeping.
Now if we go back just a little bit further things seem to change.
I have blogged about playing options on this stock in the recent past. Now todays action and a look at it's one day trading pattern. Can you see it selling off at the end of the day?
Now look at this.The same chart except for it's last hour of trading.
Look at how the 66 seies of Puts were trading at 2:57 p.m.
Now look at how the Roku 66 Puts closed the day after hitting a high of $2.20 in this afternoon sell off..
That's how quickly option prices can change. These are early in the week options which are not as dangerous as one day or last day options. If you catch something like this only once or twice a week all would be good. **** Let's look forward to Monday morning April 8th before the markets open. Here is it's chart from the previous week.
Now it's thirty day chart.
One question we might want to ask is why are we even watching this stock when we would be watching something like Caterpillar? Here is it's three month chart.
Well the answer is that a one dollar move in Roku can be as big an event in Roku's option trading price swings as a three dollar move in Caterpillars stock price. Option trading in stocks of all different price ranges offer different trading realities. **** A look at April 23th.

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