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Showing posts from June, 2021

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Exxon Again - An Easy Read

Exxon had legs last week. See the above chart. Now this week. Do you just go with the flow and buy in on the upside on this tinest of dips? It's a tough Call. Now Thursday's action. A spike upwards. Get out at the opening if you see this happening. Always get out if you can catch a spike. .... With one day to go these Calls are to scary to play.

Spacs

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Are a new animal and sometimes go dormant until something happens. If your a fan of "Caterpillar","Ford" and "Boeing" options your 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 coupl...