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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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All Eyes Are On The Fed

Option traders with multiple screens open will sometimes be able to detect unusual events about to happen that manifest into sure thing trading opportunites. It happened one day this week when Chairman Jerome Powell made some forward looking statements. Here is what happened. Watch as a multitude of widely traded stocks dived in the last forty five minutes of trading.
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It's difficult to capitalize on events like this you might say. Yes it is. My point is however gifts to short term option players do sometimes happen.

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