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Walmart Again

On Monday I did a blog on buying this week's Call options on Walmart. Today is now Thursday and there was a big crash in the markets yesterday. For example, Tesla had an insane selloff. Here is what happened to it. Today it is slightly rebounding as are so many other stocks. Thursdays however as oftened mentioned are not a good time to be purchasing one day options on stocks that expire the next day. So how is any of this revelant to Walmart's trading today? Well, there was a whole bunch other stocks that got knocked yesterday that might now rebound back up again together. Look at the chart below of Walmart and see how it was off a couple of dollars yesterday. Could you buy in now and get out later in the day? Fantasy thinking, one might say. Could it sneak up even one dollar? Now this. The stock mid morning is now merely trading sideways. Now look at this, the 93 series of Calls. (On Monday we were looking at the 94 series of Calls). At 10:22 a.m. the stock is up six cents...
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Boeing - A One Day Chart That I Now Like / Boeing and Deere

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 upside so what. Here is a fill at 3:37 p.m. on a Tuesday which I could have got for less a few minutes later. I bought one contract for $2.01 or two hundred and one dollars.
Here is Boeing's five day chart of torture.
What might happen? Could it stumble on the morning trying to get fresh legs? Maybe. Here it is at noon the next day.
Here is what I did. (I am trying to show first time option traders the sizes of trades they can do). Remember I said that I got in at 201.00? A $2.42 price happened at 11:12 a.m. which was the time when I got out. It's American money. (Look at the chart and see how I was lucky to get out).
What next? Today is now Wednesday which is a good day for mid week reversals. Into Deere I went in the smallest of ways. You could be doing this too. Here is my "in-add-out trade". I am not proud of it but Deere options often blow up..
In at 12:27 p.m. and out at 1:05 p.m.. In at $300.00 and out at $350.00. Now watch this.
I missed this 2:00 p.m. action.
The Calls I sold at $350.00 then went on to trade as high as $755.00. I have talked about trading Deere Calls and Puts before. Wednesday's options that expire that Friday you can get you into some pretty good day trading opportunities.

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