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What Do I See Here? It's Disney In Nose Bleeding Territory.

First it's five day chart. There was news this morning which might be attributable to this morning's jump in price. Ai news should always be taken with a grain of salt as it doesn't add to the bottom line profits overnight. The markets jumped today big time. Do markets sometimes take a pause after big jumps like this? That's the question and that's why I am attracted to it's one day Puts today just prior to the closing bell. A fifty cent selloff in tomorrow's premarket or shortly after would cause these Puts to jump by 50%. A double in price on the Puts would take a bigger move down than fifty cents. Might the stock give back one half of what it gained today? Here is how it is trading in the aftermarkets on Thursday. One concern is the light open interest numbers. This can make for larger than usual spreads between the "bid and ask". Let's hope it's a get-out-quickly situation however there is still lots of trading life left in these P...
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An Introduction

My name is Peter and about 45 years ago I did a short gig as a “Merrill Lynch” broker. Prior to that gig I worked for a well known Canadian brokerage firm that had a fancy office on the 55 th floor of a downtown Toronto building. They took the whole floor. In essence they were a "boiler room" operation (which I think they first started in the 1930's) which focused on mostly penny mining stocks. I did not fit in well. I was to busy watching and trading Exxon options and also watching the back office skim money off of any of my profitable trades I made for myself or any of my clients. Well they didn't skim it off at that Toronto office that I know of however they did at another office in another town I asked to be transferred to. Things were different back then. I now work in an unrelated profession and oddly enough still have the designation of being a broker. I still have a passion for option trading. I like Fridays for trading "one-day" options that will be expiring. Six of my favourite stocks to now trade options on are Caterpillar, Ford, Exxon, Deere, Tesla and Boeing. I watch other stocks in the five and ten dollar range that also have options on them. I missed the 2025 gold run. There are times when I will take a week off from watching the market, knowing that I will be not be handicapped when I return to the action. I don't play options if I am away on holidays. Trading in Australia in a tent in a traller park at 4:00 a.m. during a rain storm with a flickering power source and then waking up tired doesn't work for me. I need to be on more of a routine to play options. Donald Trump has in some ways helped to make option trading easier. He says things which don't make sense. Let me now share with you some of the things I see happening in the markets. I am hoping some readers might enjoy reading something a little bit different. Happy option trading.

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