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Exxon On A Thursday Morning With Only Ten Contracts Traded.

Why only ten contracts traded? Sure there are other platforms to trade oil contracts and Exxon's listed options are only one way to do it. Yet think about this. Exxon employs about 61,000 people world wide. Some are accountants watching their books. Why is their so little interest in taking positions on their companies Call and Put options? Why are there not more contracts traded on Exxon options that expire tomorrow? To me it's all so strange. Here is Exxon's five day chart. Now this, a look at some of the action as of 10:00 a.m. The 112 series of options have doubled and thw 113 series (depending at what time you got in) are have gone up even more. This is the kind of activity I look for on Thursday mornings. *** Exxon ended up closing down on the day. Here is how the 112 series of Calls closed. Look at how few contracts traded. Look at the high of $2.00. Exxon can be a good stock to play options on with only a few days to go. Last week's blog showed the same thi...
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Boeing 1st Quarter 2022 Earnings Report

The markets are rough in recent days. Boeing just had earning reports come out. Here is what happened in the first hour of trading. It doesn't matter what the numbers are. What matters is how the company addresses the issues.
How does a company lick it's wounds after news like this. Well they artfully plants forward looking statements.
Seven little very polished points which help to wash away the past and make us look forward. Well done. That's why their C.E.O.s get paid big bucks. Here is a look at one series of Boeing Call options two weeks out. The 155 series of Calls which expire on May 13th 2022. Is two weeks enough time to wash this bad news away? That's the bet.
Notice this is a series which previously never had any "open interest" in them. This is rare but not necessarily a bad thing. Do you have $420.00 U.S. you want play with? It's a chunk of cash. Yes or no? Is this the right time to "pull the trigger"? It's the catching a falling knife position. It's dangerous because the stock might keep falling. It's only 10:30 a.m. so is the bad new scrubbing all over? I don't know. Sometimes you have to live on the wild side. ** A 2:00 p.m. update.
Finally here is how it closed out the day.
We will check back in on a later date.

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