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Late To The Party Option Players - Disney

Can late to the party option traders make money? It's something to consider? These Call options expire this Friday. There was news on it before the opening today. The second chart below a few minutes later shows it hanging tough. At 10:01 a.m. we now checking out the Puts. The bid and ask on the Puts are very tight. That also makes us ask what happened to the Disney 101 Calls that we first looked at? Here is what the chart now looks like. More Call option players have jumped in to play the upside that the downside. Might one do a spread and try to play it both ways hoping for a breakout either way? That's an option to consider. Disney has being a dog of a stock now for a year so might some profit taking set in? How is Disney going to pay for another theme park? With that on their plates forget any share buy back programs. They are taking on new risks in a period of global uncertainity. Are late to the party option traders best just to stay away from this unexpected situ...
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Deere and Boeing, The Second Day In A Row With A 500 Point Day Decline

In this market environment playing the market has become for some traders an hour to hour exercise. Many investors shy away from this method of trading and consider it to be a fool's game. Yet at times opportunities present themselves that are just to good to ignore. First, here is how the markets closed out the day followed by where the DJI index was at at 1:30 p.m. this afternoon.
It got ugly quickly in the early afternoon. Here are a look at Deere and Boeing at that time.
Now for some afternoon Deere "Put" quotes. Deere spent most of the morning in the 398-399 range at which time the 400 series of Puts that were to expire that day traded down to $2.00 a contract. Can you see that?
Here is how this series of options closed on the day. Note the price swing in the day from an interday low of $200.00 per contract up to a high of $1,057.00 per contract.
This you might say was a one time blip. Yet what's going to happen to Put options on a stock in the $400.00 range just prior to the markets losing hundreds of points in the matter of two hours? It's not rocket scientist stuff. It actually happens and I am amazed that more traders are not tuned into this stuff. It's the leverage you get with options that have an expiry date only a few hours away. Yes it's high risk but when the bottom falls out of things like it did today the downward action is often swift, directional and decisive. It's like watching a train reck about to happen. The Boeing story today was much the same. Here is it's one day chart and a look at the action in the Puts. Notice that the 220 Puts were trading for $.50 going into the lunch hour. Look at how high they traded up to. One slice of the action here shows them going from $2.15 per contractto $6.30 per contract in only 26 minutes. Look at the chart below.
Look at the open interest and volumes of contracts traded today in this series of Puts. Boeing always has a large following. Option traders playing the downside watched the carnage happening all around them with glee and were able to make out big time on this one. **** to read yesterday's blog on Deere on the previous day scroll up to the top left icon.

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