Walmart "Last- Day-To Expiry- Puts " At 11:15 A.M. On A Friday Morning
Here are how it's one day Puts are trading. Now it's one day and five day chart. .... Does it look like it's one day chart is going to run out of steam? Now let's look at how the stock ended up trading on the day. It looks like the stock basically traded sideways for the rest of the day however it really didn't. The little red line shows the action in the Put prices. Had you bought the Puts at $.44 at 11:15 a.m. you could have sold them out at 12:08 p.m. for $1.66 a contract, at 1:26 p.m. for $1.42 a contract or at 2:56 p.m. (four minutes before the 3:00 p.m. sellout deadline) for $1.35 a contract. What amazing gains compared to the five days of drama found in my previous blog about trading drone options with one week of trading life left in them. Interday price swings on last day to expiring options. Sometimes they can put a smile on your face.
