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The Hint Of Inflation and Eli Lilly

It's Thursday morning and the markets are yet to open. Everything is soon to cost more but not yet. It's the "not-yet-markets' option traders find themselves trading in. Walmart is proudly advertising grapes are on sale. They want your business. We all have to go on living and we all have fears of getting hit by Donald Trump's hammer. Are car prices going to cost more? Who now has extra money to go to Disneyland? Should we be stocking up on plastic flower pots and party supplies from Dollarama? The markets sold off yesterday and tomorrow the markets will be closed for "Good Friday". In the futures market this morning at 8:17 a.m. the DJIA is down 588 points while the Nasdaq is up 172 points. Perhaps there will be a reprieve on the tech stocks today. The little fish like us trying to play options in this environment have lost our appetite to trade. Throw in $500.00 dollars and it's lost in a couple of days. Eli Lilly is expected to open like $80.00 hig...
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What Can Happen With One Day Options On A Friday when the "DJIA " Jumps 600 Points

When I sit with my friends on the weekend do I tell them about how Walmart call options traded on the previous day? If I am riding the subway do I talk to the guy next to me about this? Do I tell my boss? My point is, no one cares. People have soceer games to go, cars in getting fixed and all kinds of stresses to deal with. Who wants to watch their computer screens all day trying to outsmart the markets. I get it. Yet if you were good at it, wouldn't this be a fun hobby to have? Now this. A recap of what happened this past Friday.
Now a look at one series of Call options with a focus on the high of the day and low on the day contract price. Look at the jump.
Now a look at it's one day trading chart.
The markets don't usually rally this much on a Friday afternoon. In a way it's a game of being in the right place at the right time. Yet there more to it than that. Knowing what to look for is equally as important. I note that seldom do one day Call options turn out this splendidly.

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