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Why Tuesdays Around 11:30 A.M . Are Particularly Unattractive Times To Be Looking At Options That Expire On Friday

So here are nine examples of what the heading is alluding too. Bad times for the most part to be entering into option positions. 1) Tesla. 2) 3) 4) 5) 6) 7) 9) 8) Now the closing reading on these Calls at the end of the trading session. $6.20 is down from $8.03 on Tesla and on First Solar the Calls are $3.10 down from $3.35. Here is what the markets did on the day. So let's continue on. Now Elli Lilly and Caterpillar. Elli Lilly went from $13.40 to $15.65 and Caterpillar went from $3.95 to bid $3.95 and $4.35. Now Biogen. It went from $2.50. down to $1.45. Boeing Calls went from $2.88 to $3.70. In Biogen there were no further option trades on the day with the bid and ask going up towards the closing bell. Walmart couldn't do anything as the effect of this tariff situation is all new. When is food going to cost more? It's Calls went from $.88 dollars to $.75 dollars. Now the last one, Home Depot. $3.80 went to $4.30 So really the markets sold of or went side...
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Sundial and the Lazy Way To Play The Markets

In a blog of May 8th I talked about the bizarre number of shares outstanding in Sundial. It has 2.4 billion shares outstanding and the company is sitting on over one billion dollars in cash. Thats crazy for a penny stock. Back in late 2020 it was a meme stock and traded upwards of three billion shares per day! Now its a stock some traders use when the markets are extremely oversold and bounce 500 points on an opening like it did this morning.
Look at this mornings action.
Over 33 million shares trade by 10:49 a.m. in the morning. A $30,000 investment on Friday would be worth $34,000 this morning. It may sound like a crazy way to try and make money however the liquidity is there. As for options on this stock there are some however they start with a striking price of $.50 cents and then $1.00 and $1.50. What that means is that many of these series are to far "out-of-the-money" to be playing. Once again, this is a playable stock in extreme oversold positions like we witnessed today. Yet playable in simply purchasing the stock and now the options on it. Stocks in this price range often stay dormant for years. Read my May 8th blog. Having a legacy of being a meme stock helps to give this stock an unusual status.

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