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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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Three Chart Patterns To Compare.

Lets see what chart pops first. Which one of the three following charts do you do think has the best short term upside potential)? 1)
2)
3)
Here is what the first chart looks like at the close three days later.
Can you see how it spiked yesterday to really end up where it was seven days ago? What stock is it? It's McDonalds. What a wonderful one day rally it had yesterday. 2) This time the number two stock on our list is Boeing. It jumped today after two days of slightly edging up.
Look at how the 180 series of Calls that expire this week jumped on the day!
One thing to notice is how it seemed to test it's lower resistance level this morning before it quickly blasted off. One could say that it helped that the D.J.I. jumped 300 points on the day however the other two charts didn't jump. The third stock is Roku. In it's above chart it seemed to be firmly in a sideways moving pattern. It still is. Patience is a virtue.
Is there anything to be learned from this? Well let's do another blog like in the near future to see what the results are like. Boeing (and Caterpillar) are both in price ranges that sometimes swing like this and Boeing is particularly susceptible to news releases which can be either good or bad. Caterpillar not so much so.

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