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Snowflake Part Two : Thursday Overnight Position Going Into The Final Day Of An Options Life Are Not My Cup Of Tea Unless It Is Perhaps Tesla

The 172.50 series of options on this stock will expire tomorrrow. Today is a Thursday. The first printout shows a bit of a struggle on the opening in the first nine minutes of trading and a return to price it closed at in the previous session. (It did have a nice rally on the previous day then to only give it up). Could it rally again this morning? Now the second printout below the following paragraph shows the high volume of trading pouring into this series of Calls just after the opening. These high volumes of trading shown below happened in the five minutes and twenty one seconds of the trading session. Traders bought in on a slight dip looking for a reversal. Good for them. Are these traders hoping to be out at a profit in the next fifteen or thirty minutes? Yes. Get in and get out. Catch a profit as the stock is deciding which way it will go. It's early in the morning trading session and the volume of trading is always the highest in the first and in the last hour of trading....
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Snowflake and Charts

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What the heck do I know about Snowflake? Not much. I know it's symbol. I have Snowflake and First Solar Inc. next to each other on one of the screens I watch and all I know is that their options are volatile. Today is Wednesday Dec 11th. ..... If the stock was worth $185.00 two days ago why is it only worth $171.00 today? Should I scurry around looking for recent news to help figure out why it is down? At ten a.m. this morning the stock is relatively flat. What does that tell me? It tells me that traders are reassessing the causes of the damage that was done. At the same time I am mystified by the recent spikes in Boeing, Tesla and Rivian. Yet than again there are plausable reasons why those stocks are going up. Rivian is getting money, Tesla has a million things happening.... Which brings me back to Snowflake and First Solar Inc. Their stories don't get quite the same amount of attention. Here is how the 172.50 Calls are trading at 10:05 a.m. Times change. It is now 10:33 a...
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Monday Morning Surges On The Opening.

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I can't make this stuff up. The open interest number was light. Not many people see value with holding Boeing Calls over the weekend. See it jump on the opening? Caterpillar and Deere both did the same. All of the "near-to-the-money" Call options on all three of these stocks doubled this morning. Yet you had to be in these option positions before the markets closed last Friday because of the "gap-to-the-upside" openings. This leads me to the following question. How comfortable are you in holding onto "one-week-out" Call options over the weekend? Why did all three of these stocks pop in tandem this morning, a Monday morning? One reason is that there is now a panic to be in the markets capitalize on this short term action. Call it a "Santa Clause" rally. That plus Bitcoin's recent sharp moves upwards screams to investors that maybe everything is priced to cheap. All that at a time when the CBOE volatitity index is rebounding off a two...
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Trading Options The Day They Expire Using The Stock Moderna As An Example.

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I don't really want to write a blog on this topic. Yet the concept of trading one day options is increasingly becoming somewhat controversial. People often have harsh words to say about it, kind of like the diversity of opinions people have when it comes to the topic of cryptocurrency trading. Either you're for it or against it and if you're against it you will probably never change your opinion. Such is life. I get that. If you have a couple of million dollars in your bank account you might find the adventure of trading Friday morning options which expire that day to be somewhat entertaining. It puts your brain to work. I have being watching and trading in one day options (or options scheduled to expire in the same day you bought them) for approximately forty five years. That still doesn't make me an expert. I like one day options on the stock "Ford" in particular. Stocks in the ten dollar range for example can sometimes move fifty cents in one day which the...
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G.M. A Four Minute Read That Will Make You Smarter. Do You Have Four Minutes?

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Well actually it's a six minute read if you also want to read about an interesting dangerous Ford Call trade. Read this. I talks about the big picture. Look a how much money is being tossed around. Now ford. First it's five day cart. What happened? Well good news just came out that is being interpreted as being bad news. Now a look at the Call options that expire tommorrow Dec. 6th and next Friday Dec 13th. It will be interesting to see how this situation turns out.**Ford dropped in the last minute of the trading session with over 5 million shares getting dumped in the last minute of trading. Here is how the 10.5 series of Calls with one trading day left in them closed. Tomorrow will be interesting.
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Vinfast Hits The Lottery! And AMC. "Action On One Week Five Dollar Options"

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This post is easy to write. It's also something skeptics of option trading should read. Look at how all on the options exploded on this one. Here is why. Both of these articles were from Nov26th and 27th. Why the time delay in having this stock pop is something I don't understand. Back on Sept 5th and Oct 27th I did I blogs on this stock. Go back and read them. Both times I ended these blogs by saying "Do your homework on this one". Read my blogs about playing options on $5.00 stocks. Here now is how Vinfast closed the day. Now look at how the ten series of Calls closed on December 5th (with only one trading day of life left in them). Profits on options on five dollar stocks come and go quickly. Here is a quick look at another company with $5.00 options that expire tommorow which had a few hours of glory in the last two hours of trading today. AMC Entertainment. *** The AMC story is complicated and the stock price is manipulated. These three snippents tell part...
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