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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 Monday Morning Let's Start Off The Week Blog. Boeing

Boeing had a rough week last week. It was down $13.59. What a precipitous slide. Now here is a 11:00 A.M. look at one series of Call options that expire this week. These are not the brightest of options to be considering. Hoping for a Monday morning bounce could be only wishful thinking.
Now here is it's morning trading chart and it's five day chart. Look at how the stock went down all last week.
Tuesday was a touch better. Look at the 30 day chart. Could this be the start of a rebound? Probably not. The chart looks ugly.
Now the one day chart and how the markets closed. This chart is now starting to look like the Boeing we know.
A tough start to the week and Wednedays are often days of reversals. Not this time.
Thursday. It offered a chance to get out in the morning and after that the nervousness of holding onto a postion going into a Friday morning spooked option traders. The stock only end up $.03 cents on the day.
This chart better illustrates the hour-to-hour trading volumes and prices.These Calls opened down and quickly shot back up again.
Friday saw the markets sell off.
Here is what Boeing did on the day.
The Boeing Calls only offered one chance to get out.
It wasn't much fun to be playing Boeing Calls. Here is how it's five day chart ended up looking.
It was another tough week in the markets. Closing points. Wednesdays can offer reversals and Thursday afternoons can be a trap.

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