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One- Day Options. Nvidia At 10:00 a.m. On A Monday Morning

The stock jumped on the opening and settled down thirty minutes later. Here are the details of that move. .. During this time period the real action was is buying the Puts just after it jumped on the opening. Now let's jump back to the 225 Calls at 11:46 a.m.. Do you get the feeling that this is just a game of luck? .... Now back to it's five day chart. Stop, stop stop. It's kind of crazy to be watching this stock in the hopes of making money on it's one day moves. Or is it? Look at the spike it had back on the opening on May 13th. Isn't the spike it had on the opening a repeat of the same situation? Let's make use of the "strategy". Is it a strategy to be fighting Nvidea on a Monday morning opening (purchasing the Puts) after you see an early morning trading rally? I would say yes.
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Roku And It's 2nd Quarter Earning Report

Let's start with the time period of Thursday morning with an earning's report coming out after the closing bell. Look at how crazy expensive these three series of Call options are. They are the Roku "out-of-the-money" Call options that expire tomorrow. The volume in them is not all that crazy but if I owned the stock I would be tempted to sell the Calls against my position and hope they would expire worthless. Tomorrow is Friday August 2nd.
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Why pay so much? Why pay $4.05 for a Call with a striking price of "58" with one trading day to go in the contract? The stock would have to jump four dollars just to get your money back? Talk about stupid? Yet then again Netflix, a company also in a similiar space sometimes moves like ten dollars in one day. Here now is a look at what happened by showing tomorrow's five day chart.
Down $2.19 on the day to $53.14 with the DJIA down over 600 points.
Say goodbye to those Calls if you ever bought in. Now let's look at it's year-to-date chart.
Can you see how it dropped about $35.00 quickly on the release of it's first quarter's earnings? That's part of the reason why these Calls were so expensive. On good news it could have really popped. So what were it's second quarter earnings actually like?
It's still reporting losing money per share however their guidance is starting to look more promising. Having the markets drop over 600 points on the day (it was down even more than at one point during the day) really squashed any upside potential. The game never ends. Here now is how next weeks 53, 54 and 55 series of Calls are trading.
Pick you battle. How did things turn out four days later in a crummy market? Not good. Look at these same options. People however are now waking up to the fact that the quarterly earnings report was not all that bad. Trading options is never a walk in the park. There is still time for these Calls to suprise.
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