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.

"Big Fools - Gamestop - Stuff"

Look at this chart and I will tell you what happened.
One day back in January of this year "Elon Musk" inadvertently referenced the wrong stock called "Signal Advance Inc." and as you can see it went crazy. Instant profits for some lucky shareholders. The chart doesn't tell the whole story. If you look at the January 11th printout what you will see is that the stock started the day at $7.49, went to $70.85 and backed off to close at $31.51.
Now here is where it is trading today, down in the $2.20 range. It traded 2.3 million shares on Jan 11th, the day of it's high and now it trades on avarage something like 12,000 shares a day.
Now here is the "Gamestop" chart. It's taking longer to crash down to earth.
Next is "Sernova Corp.", a London Ontario based stock. On January 7th it was trading at .62 cents and ten days later on Jan 17th, 8.7 million shares traded in one day and closed at $2.42. Now it's backed off in price to $1.48 and traded 313,000 shares last Thursday.
Yet another one that recently rallied is "EYES", "Second Sight Medical Products". It was $1.43 on March 3th trading 784,000 shares that day to then reach $15.48 on March 8th trading 107 million shares. Now it's sliding back down again.
Finally, I want to mention the little "Sarnia" based rubber bullet company named "Lamperd Less Lethal Inc." A few months back when the riots were happening at the "White House" and cops were out in the streets carrying "Lamperd Less Lethal" made shields the stock surged up to the .07 cent range on huge volumes. Now it is back in the doldrums again.
It's these types of absurdities that help to make the markets interesting to me. ^^ Scroll back up to read by most recent bogs on "Boeing".


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