The Dow Up 457 And the Nasdaq Up 460.70

Look at these gains today. Today is a Thursday. Meta is up $18.04, AMD is up $17.49, NVDA is up 110.55, AMZN is up $6.00, ELI lILLY is up 23.75, SUPER MICRO is up $241.52, NETFLIX is up $15.12, COSTCO is up $11.38 AND MODERNA is up $11.85. Gains of $110.55 and $241.52 in one day on two stocks! What's that all about? Well warning bells should be going off. We must be at a short term top. Three stocks stand out to me that are having changing stories. 1) Moderna. 2) Rivian. 3) Lucid In these crazy markets a lot of these stories get buried. Option players in these markets are getting whipsawed and it is getting to be to difficult a market to play in. Once this final round of earning reports are over things should get back to normal.

Boeing Exploded upwards and So Few Players Caught The Ride

In a recent Blog I made the comment many options players shy away from playing Boeing Calls. Why? Well it can be a mentality exhausting exercise. Boeing profits suprised this morning. Look at the price increases on some of these Boeing option series. -
These are the Boeing 220 Calls and the ones most likely to be on the radar screen of short term option players. There are only 1,839 outstanding option contracts open on this particular series of options and only 243 contracts traded just after the early release of this news. This are truly insignificant numbers compared to the usual number of outstanding open option positions on stocks like Apple. So the question is why were so few players waiting for this news release and trying to play it with Call options hoping it would go up? Why were expectations so muted? The takeaway. This will go down on the records as being one of the summers of 2021 best option trading situations. Analyst totally got this one wrong. It will also be a wakeup call to the importance of focusing on other near term earning releases. ** to find my most recent blogs like yesterday's blog about Deare scroll up to the top left icon which then takes you to earilier July blogs.


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