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Costco At The Start Of The Week

Recent Costco blogs have illustrated how "time values" get eaten up the closer they get to their expiracy date this Friday. Here is a five day chart mid morning on a Monday. Now this. The Costco 1,000 Call option. Costco is down $9.23 at 11:51 a.m. Now a one day chart and the closing reading on the 1000 series of Calls. This afternoon move was nothing. Let's watch and see what happens tomorrow. This is an expensive game to be in. Costco can easily move ten dollars or more on any morning. Here we are again on Tuesday morning at 10:00 a.m. Notice the very low volume of trading. This is a dangerous game to be in. It's a high risk/ high reward situation. To be continued. Now Tuesdays closing reading.
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Spacs

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Are a new animal and sometimes go dormant until something happens. If your a fan of "Caterpillar","Ford" or "Boeing" options you're not really looking in that space. Sometimes it nice to have a list of "outside the box" companies" to watch. Here is one of those list and here is my experience with one of those such companies. Well, not the exact list but one similar to it. - this one with the symbol "APXT' I played it yesterday and today. In at noon yesterday, ten contracts at .35 each and out the next morning June 3th 2021 at 7:14 a.m. at .95 each. I kind of saw it go up after I bought so yes I did put in a sell ticket early in the morning at a price I was thinking it would hit. What happened was kind of interesting. Call it a perfect storm as the company came out with a news report. Option traders know that one dollar increase on ten dollar stocks can do wonders, even if we are talking about regular stocks and not spacs. A ...
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