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Suicide Options

Want to split hairs, meaning do you want to chase the most miniscule of moves in a stock's price? With the way options are structured on Pfizer you can. Look at this five day chart on Pfizer and look at this particular Call option series. These are the 24 series of Calls that expire this Friday. Why do I think these Calls offer good value? One reason is the strong volume of trade. What am I now talking about? As as of 3:50 p.m. today the stock has traded in excess of 39.6 million shares. I take comfort in this number. With this much volume I would think that the option makers would have less power and less desire to control any short term directional moves that this stock has. "Bid" .22 and "Ask" .25 with a high on the day of .42. Purchase these options in quanties of 20, 30, 40 or whatever you want. The tiniest of an updraft will send these options soaring. Well not crazy soaring but percentage wise noticably more. Let's see what happens. Here is how they ...
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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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