Why Retail Traders Don't Play Costco Earning Reports
Options on stocks priced in the $1,000 per share price range with two trading days of life left in them are bombs waiting to be exploded. That's why retail traders can't trade them. That plus they are expensive. Earnings are coming today after the closing bell. Here is how things are set up to go before Thurday's opening. First it's five day chart. Now it's 1,000 series of Calls and Puts. Notice the low volumes of trading and the low open interest numbers. ...................... Now look at this action. The Calls sank on the opening and the Puts charged upwards. Here first are how the Calls traded. T52_0ghVpwL62_KdBC8bkD8No0k7uYNehtOpIfeUuRjCiFG4gvPz8-IOqPdaHil- 754 contracts traded in the Calls. Now the Puts. Only 61 Put contracts traded on the day. Here is a more detailed look at the same thing. So the Puts that closed at $1,388.00 yesterday hit a high of $2,638.00 just after today's opening. Maybe it's the high cost of the options which are keeping ...
