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Boeing - A One Day Chart That I Now Like

Here is is. Why do I like this chart? It spiked on high volume in the morning and volume came into it on the close. So here is what I did. If you see charts like this you could be also be doing this. On a cautionary note Boeing has hit a rough patch as of late but this trade might be good for a one dollar profit. If it happens take the money and run. If you miss a four dollar move to the upsde so what. Here is a fill at 3:37 p.m. which I could have got for less a few minutes later. Here is Boeing's five day chart of torture. What might happen? Could it stumble on the morning trying to get fresh legs? Maybe.
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A Look At Boeing Calls With Three Days To Go

If your sitting in a Boeing Call on a Wednesday that expires on Friday hoping to day trade it for a profit I would ask you why? It's an expensive gig to be in with the time value working against you. Case in point is today's action (Wednesday October 14th). Look at it's one day chart.
I see a bit of a jump between 10:30 a.m. and 11:30 a.m. but that's about it. Now a look at the 165 Calls.
The timing would have to be impeccable to catch it. That's why I don't like Thursday options with two more days to to go. Yet buying in on Thursday around 3:59:47 might be one way to go, looking for a following opening bell swing. Now look at how these $172.50 Calls moved upwards on a Thursday morning bounce.
Also look at the how the 165 Calls also moved up however not as much on a percentage basis.
As with my advise in my last blog on Tesla I would get out of a situation like this. Hanging onto options on Thursday that expire on Friday is not my favorite game. Nor is buying options on Thursday at the close looking for a market change on the following morning. I will come back to this blog later to show you how these options finished out the week. *** Look at how Boeing ended up trading on the day.
Now this.
******** Now to address my comment about hanging onto options on a Thursday. Look at how the NASDAQ was up 401 points on the day. This was not your typical day.*** Here is how the 165 Calls closed out the week.

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