Turn Around Situations On A Tuesday
First of all I don't really like playing one week options on stocks on a Tuesday. I would rather wait until Wednesday and look for a mid-week reset in the markets. That said, Walmart's one hour sell off on a Tuesday morning kind of tweaked my interest. Let's follow this together a see what happens. One observation. Look at the volume of trading in the lowest series of call, the 90 series. They are the ones to stand to gain the most in any mini-short-term uptick. Yet then again, maybe the stock will continue to go lower. Here is it's five day chart as of seventeen minutes earlier. Now the indexes. Now a few minutes later at 11:02 a.m. Now the same three series of Call options starting with the lowest striking priced options and the ones with the lowest trading volume. A bid of $1.01-$1.08 has now jumped to $1.22 to $1.29. Doing the math on the higher two series offers equally as impressive gains. Purchasing on contracts sizes of 10 or 20 could eke out small gai...
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