One Week Options. Are They A Good Bet In Times like This?

Look at how these these four stocks traded last week. 1) What a great week for one week Call option players on Boeing even though the stock ended up down .83 cents on the week. 2) Roku. Roku hasn't yet recovered from a not so good quarterly report. Roku lost $1.13 on the week. (Netflix in somewhat the same space was up $35.780.) 3) Disney suprised. I talked about that in a recent blog. 4) Now Caterpillar. It was up $12.83 Now The D.J.I. was down .11% or basically flat. In good times Call options can be your best friend. To be continued.

Boeing Tanks On Bad Earning Reports

Their third quarter profit came out today.
The stock tanked. Then their soldiers quickly marched up and offered support. Here is what they said.
The company doesn't appear to be worried about competition but there is repeated mention of supply chain issues. Here is how the stock traded on the day. This is a five day chart so only really focus on it's last day of trading.
I think Boeing will be able to shake off a little of this bad news in the next day or two. I bought one Call option at $3.28 at 3.08 p.m.
Yet then again with Boeing anything can happen. Now the following day, a Thursday. I bought seven days of trading time but I picked a price I wanted and got out in the premarket at 8:54 a.m. See the time of the fill on the ticket below. I picked my price and it turned out to be the price this series of Calls opened at. I got out at $6.25. I saw Caterpillar up like ten dollars in preopening markets so I knew it was going to be a strong opening.
Here is how the stock ended up trading on the day. I could have hung on a little bit longer and made a bit more but in option trading you learn that there is no looking back in your rear view mirror.*** It's Sunday Oct 30th. The week is now over. Here is an updated five day chart and here once again is that sell ticket which this time shows what those options are worth at the end of the week.
Buying Call options with a week or so to go seems to be the way to go. The DJI is headed for it's best month since 1976.


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