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McDonalds Again And A Follow Up To Yesterday's Blog..

Some option traders on Friday mornings just want to be in and out in the first hour or so of trading on short term options they feel comfortable trading. In the second half of the day most of the action calms down. Take your winnings and run. McDonalds sold off a little bit yesterday afternoon and firmed up a bit towards the closing. Could this "mostly downtrend" continue? Here is a partial look at the opening bell's action, today a Friday however let us first look at how the stock traded yesterday. Now a look at it's trading pattern at 9:32.22 a.m. Now this, McDonald's jumps up $4.98 and the 317.50 Puts we followed yesterday which are now "out-of-the-money" acted accordingly. During the fist 2.22 minutes of trading they traded down to 34 dollars a contract. Now this. In the first three minutes of trading the stock jumped a bit and started to come off a touch. These Call options where not attacting all that much attention. The bid and ask jumped up ...
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Rivian Again.

In two previous blogs I talked about V.W. giving them money to then watch the stock flutter up and come right back down again. They are still losing money. Here was todays action. First two different pieces of news which I didn't see until late morning.
Now here is how it traded back on Nov. 21 st on the V.W.news.
Now here is how it traded this morning. This five day chart shows a spike up this morning at 10:28 a.m.
What did the ten series of Calls do, the ones that expire this friday? Well seven minutes into the market they were up 88%.
Now additional details. A government loan to help build a new plant.
How did the ten series of Calls close out the day?
The Calls were up 288%. Final thoughts. It helped the DJIA was up 440 points on the day. Rivian gained last week .18 cents. Had you bought one week Calls on it last Monday you would have got smoked. Imagine purchasing the 10.5 series of Puts on Rivian this morning that expire this Friday thinking the stock would sell off by the end of the day?
Now this. The three year Rivian chart. Maybe one year Call options on it are something to consider.
Now look at this. The "one-year-out" Call options. They were up 76% in price in one day. Long term options are not supposed to do that.
So much is now in play.

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