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Costco. It's Short Term Options

 Options on stocks in the $1,000  range often move  50%  or more in only a matter of  minutes on the opening on Wednesday and Thursday's . The trick is to  anticipate correctly which way the markets are going to move. That's a fools game you might say? Yes and no. It may not be a game you ever play but it might be something to consider to put in your bag of tricks when you are on a role. One thousand dollar stocks sometimes move five, ten or fifteen dollars on the day. If you have profits it's best to take them quickly. Costco is a prime example of that. Let's look at this mornings action. First it's five day and one day charts. Tuesday's trading was kind of choppy. Might it drop on the opening tomorrow? Here is a look at where the 1,035 series of Puts closed that expire this Friday. They closed at $8.50. It looks like Costco cycled up about five times yesterday. Given a weak market opening doesn't it stand to reason a three or four or five dollar will be i...

A Note Of Interest On Day One and Two of The New Year 2022

If you turned on your computer Monday morning, the first day of the trading in 2022 sometime between 9:30 a.m. and noon you would have witnessed the markets were rocking. I watched Tesla and Apple and others. Everything was on a terror. Look at some of this action.
So what's next? Well on Tuesday the markets were rocking again. Look at the action in Caterpillar and Boeing.
Then there is Ford. All of the car makers are going electric.
What is the point of this blog? Well on the last on the last trading day of 2022 this year think up and not down.

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