Why Not To Buy Not Rivian Calls With Two Days to Go?

It's obvious right? If you mess up and the stock opens the wrong way you only have one day for a rebound. Why put yourself in that position? Others might be in the camp of saying why not go for a fifty percent rebound on Thurday's morning opening. The stock sold of on Wednesday on very little volume. A morning pop is possible. The stock has being strong as of late. Here is it's five day chart. Now this, the seventeen series of Calls that expires in two days. They do look cheap after hitting a high of $1.55 on the day. If we look at a 30 day chart we will see that the stock is still in an uptrend. Why not look at the Call options one and two weeks out? Here are the seventeen series of Calls one and two weeks out They would be much safer to play and I will check in on these ones at a later date. So what happened on the Thursday opening? Let's switch gears for a moment and look at how Roku, a much higher priced stock opened and look at how their Call options moved.

A Week With Boeing Up $35.00

"Boeing" is up over eleven dollars on the day and the DJI is up over 350 points. It's 1:17 p.m. in the afternoon on a Wednesday. What are the odds of being able to make money playing "Boeing Puts" on the downside which expire this Friday? 50:50? The real question is why would you want to? The stock is now up over twelve dollars on the day. Here is the daily chart and here are two near term "Put" option positions. Would now be a good entry point looking for a reversal?
Notice in the twelve minute difference in the period of time between these two printouts "Boeing" has gone up by almost a dollar. Other stocks like "Disney" and "Caterpillar" sometimes have five dollar a day rallies and sometimes they don't stop going up for a couple of days. When a stock goes up twelve dollars in one day you can't really wander in willy nilly hoping for a reversal. Now here is an end of the day chart on "Boeing". Look at what today's "Calls" did. Notice the extremely high number of "Call" options traded.
Now a next day March 11th 10:00 a.m. update. "Boeing" continues to charge up. There doesn't seem to any real news as to why. If your holding "Call" options one of the most difficult things to do is to avoid the temptation to sell out.
What a ride for the "Call" holders. This type of action is someone unusual but "Boeing" is an amazing stock to watch/play when it is on fire. A Friday morning pre-market report. "Boeing" is up something like $35 dollars since Tuesday. Once again what a nice ride for any "Call" holders. Here also is a five day chart after the closing bell.
Now we end the week with the followng news.
Here now again are the March 12 240 "Calls" which are up ten-fold from where they were only a few days ago. Look at Boeing jumping over $17.00 in one day.
What is there to make of all of this? Well, keep this blog in the back of your mind and six or ten or fourteen months down the road when you see it rallying at the start of the week. Don't be afraid to go along for the ride.


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