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Will The Markets Top Out?

The Nasdaq Composite index closed up 4.7% on the week. the S&P 500 index, was up 3.6% and the D.J.I.A.was up 3%. Given the elevated volatility levels options have become extremely expensive to buy. Here for example is how Avis Budget traded on Friday. At one point in the day the 300 series of Calls traded as high as $15.43 on the day. ........ Now look at the prices on this week's upcoming Calls and Puts. ... What happened to the old days of paying $5.00 or $6.00 for one week out options? Look at how Caterpillar jumped on the week on no real news? Up like $83.00 from it's low back on a Monday. Here now is what a one week out just slightly "out-of-the-money" 790 series of Puts is trading at. That's not as bad as the premiums on Avis Budget but look at Caterpillar's thirty day chart. Actually the stock does look somewhat vulnerable to the downside however the risk of pulling the trigger and purchasing a Put is to great. What else is there to consider...
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How Was Your Week Trading The Market?

With all the ups and downs it's hard to figure out what is going on. Look at these three stocks and the options on two of them. 1) Chargepoint. One series of calls on Chargepoint went up 58% yesterday in one day. It was a strong day for the markets.
2) Blink
Here are it's recent numbers and the company is big on self promotion.
The third stock I want to comment on is one called Wallbox. First a five day chart and then later a 'year-to-date chart'. I am not crazy about this stock because of the trading range it seems to be stuck in. It will only take off if it survives and starts to make money. Do your own research on this one. WallBox also scares me because of it's Barcelona" address. If it ends up merging with someone else you will be lucky to get your money back. My ongoing interest all three of these stocks is that the "range anxiety issue" that consumers seem to have for electric vehicles is slowly starting to go away. Even Trumph is now thinking that going "partially" electric is O.K...
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