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.

The Concept of Playing Thursday Options Which Expire the Next Day. Part One

Thursday morning trading patterns in the first hour of trading reflect human emotions running high. Could your favorite stocks in the $200.00 and $300.00 price ranges jump up three dollars on Thursday and three dollars on Friday? Wishful thinkings often shared by option traders on Thursday mornings. Yesterday Boeing jumped up over $4.50 and then down over $7.00. Will it jump back up agian today? It's Call options look so tempting knowing what the stock sometimes does. Then there is Caterpillar which was off during the last two days after jumping up earlier this week on government stimulus news. Why isn't that stock flying? This morning I used the "out-of-the-money", the Caterpillar 212.50 Call option series that were like four dollars "out-of-the-money" with one day to go for a short term ride. Was I dreaming? Not really. Caterpillar had a strong opening and these options remained relativly flat because they were so far out-of-the money. I bought in at a penny under the ask (on a five cent spread) after chasing it up with lower bids as it eventually started to rise and then sold out "at market" not to mess around. I was only in the position eleven minutes.( out at 9:26 a.m. Look at the chart below to see what part of the days action I was playing).
Look now at how this stock did on the day and what the 112.50 out-of-the-money Call options did.
I was lucky to catch the action the way I did. Now for a look at something really wild look at this. Today's action in DPZ. Tell me that insiders are playing this stock. What is so strange is the low number of option contracts traded. Look at the price swing in these Calls.
Sixty five cents to eight hundred and twenty. Wow.


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