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"Late To The Party "Option Players And "Disney" On Good News

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. That's why the heading is called "Late to the Party Option Players". It's using options as a trading vehicle to reacte to a situation as opposed to anticipating a situation to happen. 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 ...
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Walmart Shines on Earnings Reports

Look at this chart.
It's the five day chart on Walmart leading into this morning's opening bell. Walmart releases it's second quarter eanings report before the opening bell. But wait, look at this chart.This wasn't that long ago. Walmart at times can stumble. Do consumers, hit by inflation have money to spend?
Now also look at this one.
My point is that if you guess the wrong way on Walmart you will get burnt. So now how are the cards stacked up this morning waiting for this earnings report? Here is a look at two close to the money Calls and Puts.
So here is what happened about twenty minutes after the opening bell.
The Puts got obliterated. The real winners were all the Call option purchasers who got in a few days ago. Here is how this option series closed the day.
Why did happen this way? In a way Walmart's results act as a barometer of how the U.S. economy is doing. It's mainstream in a different way than Costco. Opportunities to make a judgement call like this happen four times a year.

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