Why Not To Buy Not Rivian Calls With Two Days to Go?

It's obvious right? If you mess up and the stock opens the wrong way you only have one day for a rebound. Why put yourself in that position? Others might be in the camp of saying why not go for a fifty percent rebound on Thurday's morning opening. The stock sold of on Wednesday on very little volume. A morning pop is possible. The stock has being strong as of late. Here is it's five day chart. Now this, the seventeen series of Calls that expires in two days. They do look cheap after hitting a high of $1.55 on the day. If we look at a 30 day chart we will see that the stock is still in an uptrend. Why not look at the Call options one and two weeks out? Here are the seventeen series of Calls one and two weeks out They would be much safer to play and I will check in on these ones at a later date. So what happened on the Thursday opening? Let's switch gears for a moment and look at how Roku, a much higher priced stock opened and look at how their Call options moved.

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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