Featured

Walmart Again

On Monday I did a blog on buying this week's Call options on Walmart for a morning move. Today is now Thursday and there was a big sell off in the markets yesterday. Tesla sold off for example and here is what happened to it. Today it is slightly rebounding as are so many other stocks. Thursdays however as oftened mentioned in recent blogs are not a good time to be purchasing one day options on stocks that expire the next day. Times change. In less chaotic times that's not always case. In the last few years there would be known upcoming Friday morning events like the release farm payroll numbers or other economic readings that would move the needle on the markets going up or down on on a Friday morning. In those markets it paid to get into option positions before the closing on a Thursday to get out on the Friday morning bounces were caused by the release of these premarket reports. So how is any of this revelant to Walmart's trading today? Well, there was a whole bunch o...

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.

Comments

Popular posts from this blog

A Fireside Chat - One Year Options and Thirty Day Options. Which is Better?

Trump Media Technology Options With Three Days To Go.

Another Earnings Report - "Roku" - Thursdays and Friday Trading.