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Nvidia And Last Day Friday Afternoon Option Trading

First, the five day chart on Nvidia. Look at the volumes of option trading in these Calls and Puts at noon on Friday. These options expire today. Now here is how the DJIA is doing at 12:01 p.m. Look at the huge number of Call options traded this morning. With markets up and the DJIA down what would logic tell us to do? Buy the Puts. Look at these two Put printouts on Puts that expire today. Look at how cheap the "out-of-the-money" Puts are. Experienced option traders know that the risks in buying these is high, to high to take serious. What's more inticing are the "in-the-money" Puts. In this case they are the 167.50 Puts. Let's now look at it's current one day chart at 12:15 p.m. Had you looked at the 167.50 Puts around 10:40 a.m. they were half the price they are now. Sure it's all somewhat of a guessing game however I want to point out than with one day options the timing of inflection points, meaning stocks making reversals on the day usual...
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An Introduction

Online trading accounts. Some people call them a gift from the Gods! Instant access to a world of endless trading opportunities. Seamless executions with one click of a mouse.
My name is Peter and about 45 years ago I did a short gig as a “Merrill Lynch” stockbroker. Prior to that I worked for a "boiler room" type operation which fosued on mining stocks. I did not fit in well.I was busy trading EXon options and watching the back office skim money off of my profitable trades. I now work in an unrelated profession, but I still have a passion for day trading. I like Fridays for trading "one-day" options that are soon to be expiring. You can get the most bang for your buck on that day if you correctly anticipate which way an individual stock is going to move. Often times they change direction after the first hour or two of trading. That makes trading options on them more interesting. One of my favourite stocks to trade options on is “Caterpillar” because daily swings of two or three dollars on it are the norm. It is also a  stock very much void of most market chatter.
It is however largely owned by institutions who sometimes have a herd instinct when it comes to trading. 
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.  Option trading always offers a world of trading opportunities. Donald Trump has in some ways helped to make option trading easier. Stocks now move up and down everytime he says something about tariffs. Without any further introductions let me share with you some of the things I see happening in the markets. I offer no promise of instant successes. I just think that people in general will benefit from being exposed to platforms like this. Coming soon will be a sister site called "Ford Puts.com."

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