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"Tony The Tiger" - A Food Stock

The mood of Wall Street is now changing as the reality of tariffs is starting to kick in. Two weeks ago not so much so. Kelloggs had "so-so" earnings come out a few weeks ago and the stock exploded upwards. Note the very last line above mentions the effects of tariffs are not taken into consideration. So many stocks with "so-so" earning reports have jumped in price based on the "lets make America great again" slogan. Deere stock is shooting to the moon as I keep writing about in spite of declining sales in the last quarter. The sentiment seems to be that they are immune to tariffs. On paper they might be. Read this. Americans are struggling to buy gas, eggs and insurance. Total housing starts in the U.S.in 2024 were down 3.9%. Walmart, the recent darling stock in the last four weeks for Call option players woke up this morning with an earnings report which was healthy but with came with some caveats. Here is what happened. Perhaps the U.S. is starting ...
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Turn Around Situations On A Tuesday - Walmart

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 gains. This kind of stuff goes on all the time. The danger of this is of course that this rebound could quickly "Peter out". I would rather do it on a Wednesday to try and catch a mid week turnaround rally. I will show you the end of day closing readouts later. The action at 3:00 p.m..
At this point in time I would get out and just call it a day.
Notice now the sideward trend kicking into the afternoon trading. Short term option traders need not play these choppy sideways markets. Proof of this is shown in these following three readings.
Notice the wide "bid" and "ask" in the 90 series of Calls at the close?. Why is this? Well the option makers are giving themselves protection from what the morning opening bell might bring. Who needs to be part of this indecisiveness? The next two series of options also closed weak.
Who wants to be a daytrader? The DJIA closed down the day 178 points.

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