Looking For Something To Buy On A Tuesday Afternoon?
Trumph says the war is over but is it? Exxom sells off on that news. Does this make the Calls a good buying opportunity? The Calls shown below expire in two days. Moves downwards this much in a one day time period are somewhat rare. Let's see what happens. That leads us to a new topic. Overtrading. I like Fridays for it's one day options and for it's late in the day look at it's "next-week-out-options" which might at this point of the day be somewhat mispriced. Resets in pricings can sometimes happen over the weekend which become apparent in the first few hour or so of Monday morning trading. I also like Wednesday for mid week reversals. The biggest trap are Thursday options on options that expire the following day. These are the ones that seem to lose the "time value" aspect of the equation the most quickly. Tuesday option on options that expire the next day offer reasonable chances of success. All that said, let's look and see how these ...
