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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...
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Why Not To Focus On Nvidia?

An earnings report is coming out this week. What a wild run it has had. So many traders are watching it. Here is it's 30 day chart.
It's Monday morning on August 26th and here is how this weeks "out-of-the-money" 130 series of calls are trading. Over 31,000 contracts traded in the first 25 minutes. This is only one of many series.
Now here is it's five day chart.
Imagine catching it last Thursday when it dropped ove six dollars with options that expired the next day or catching it last Friday on one day options rebounding four or five dollars? That's where the real action was. Waiting now for the release of it's second-quarter earnings report after the markets close on Wednesday, August 28th is a fools game. Now a parapraph on AMC Entertainment. I don't really follow this stock however I was watching the five series of options trade trade on it last Thursday and Friday when the stock waivered around the $5.00 mark. What a seesaw. Look at how this weeks expiring five series of Calls jumped on the opening today. What's that all about?
Look at how high the Call options popped just after the opening. These same Call options closed at $.12 on Friday.
My point is that there is a sweet spot for options with a five dollar striking price. It is on Monday mornings with options that expire at the end of the week if the stock you are watching is already trading at $5.00. Don't ask me why it happens but it sometimes does. One final thought. With interest rates set to decline one beneficiary should be solar stocks. I read about is relationship frequently. Why not be in options on solar power stocks just before the markets close on a Friday afternoon?
This particular option series doubled in price from it's Friday close in the first sixteen minutes of trading. Good option traders can be finished trading by 11:00 a.m. on Monday mornings.

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