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Disney One Day Calls on a Friday Morning.

Disney is starting to move smartly. Here is it's five day chart. Look at the swing in price today on it's $104.00 series of Calls. Very few traders are playing them. Now let's look at the 105 series of Calls that expire tomorrow.They closed near their high of the day. Volume in them is light. Now Friday morning. Both the 014 Calls and the 105 Calls jumped in the first three minutes of trading. Let's now move on in time. Disney is on a bit of a terror. $1.00 went to $2.60.
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Disappointment on The Opening - Caterpillar Earnings Report

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Caterpillar's earnings report. What I see is 4th quarter sales up 23%. Strong 4th quarter earnings of $3.71 per share.That's a solid number. Just think, the supply chain issue isn't being used as a mistake. Now look at the the opening options market. The stock is down on the news. Management made a few remarks about near term headwinds. They do that sometimes to temper growth expectations. These two quotes are the 205 Call series which expire today. One is at 9:44 a.m. and one is at 10:03 a.m.. They would be very dangerous to consider purchasing since its very unlikely that they could ever shake off this downward spike so early in the morning. So now what? It's at this time in the morning when the decision to reacte to this bad news gets tricky. The stock is down like ten dollars and the DJI is having a good day. There is a strong tempation to jump in on the upside hoping for a quick reversal. That's one of the things that makes option trading so difficult. One...
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