Why Not To Buy Not Rivian Calls With Two Days to Go?

It's obvious right? If you mess up and the stock opens the wrong way you only have one day for a rebound. Why put yourself in that position? Others might be in the camp of saying why not go for a fifty percent rebound on Thurday's morning opening. The stock sold of on Wednesday on very little volume. A morning pop is possible. The stock has being strong as of late. Here is it's five day chart. Now this, the seventeen series of Calls that expires in two days. They do look cheap after hitting a high of $1.55 on the day. If we look at a 30 day chart we will see that the stock is still in an uptrend. Why not look at the Call options one and two weeks out? Here are the seventeen series of Calls one and two weeks out They would be much safer to play and I will check in on these ones at a later date. So what happened on the Thursday opening? Let's switch gears for a moment and look at how Roku, a much higher priced stock opened and look at how their Call options moved.

Boeing Puts On A Friday Morning Oct21, 2021

Some people watch t.v. shows like Star Wars on Friday morning while other people watch the markets trade. I am of the later camp. I blogged all week about Boeing and talked about how the U.S. government is breathing down it's neck, ready to chastise them for any move that they make. Is this mornings upward move substainable on the day? At 10:00 a.m. look at the position Boeing is in. First, here is it's five day chart.
Now here is the one day chart as of 9:54 a.m.
Now here is how the Put options were trading at 9:43 a.m. Note this is a readout about ten minutes earlier when Boeing was still charging up. Somewhere a few minutes ago they even traded for less.
Now look at where the Put options are trading at 9:54 a.m., exactly thirteen minutes later. Look at the volume creeping into this series. Boeing has dropped seventy one cents over this period of time.
Now a second look at 11:00 a.m. The value of the options is little changed however the volume keeps rolling in.
Now a look at this action at 11:11a.m.
Now look at the 1:10 p.m. activity. Look at the new price and look at how the volume of the open interest continues to increase. It will be interesting to see when Put option players will start to bail. I would think now would be as good as time as any.
So here is the end of day action on the Boeing 215 Puts.
This is what option trading on Fridays is all about. ** to see the most recent previous blogs scroll up to the top and click the button on the right.


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