Featured

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.

Comments

Popular posts from this blog

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

The Crazy Last Day of Option Trading In Tesla.

I Wonder How The Back Office Is Going To Handle My Complaint