Boeing Jumps on A Friday Morning On Good News.
$2.25 for a Call option already $1.28 in the money with only 541 open positions.That's where things are at going into Friday morning's trading action. Now this premarket news. Now this. Now this at 11:00 a.m. What are the odds of this happening? Well it's a company with a million moving parts and it's a company that can suprise. In a way I was happy to see the "open interest" numbers being so low going into the morning's action. Insider's don't appear to be tipped off on this good news. Ps. Here is how it ended up closing the day. It jumped on the opening and stood it's ground. Could you have made any money buying Calls just as the markets were opening? Not really as here is how it traded on the day. You could have made money however if you bought in on the first early morning dip and then gotten out about twenty-five minutes later. That's a strategy sometimes employed when trying to play "last-day-expiring" options. The play...
