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Costco. It's Short Term Options

 Options on stocks in the $1,000  range often move  50%  or more in only a matter of  minutes on the opening on Wednesday and Thursday's . The trick is to  anticipate correctly which way the markets are going to move. That's a fools game you might say? Yes and no. It may not be a game you ever play but it might be something to consider to put in your bag of tricks when you are on a role. One thousand dollar stocks sometimes move five, ten or fifteen dollars on the day. If you have profits it's best to take them quickly. Costco is a prime example of that. Let's look at this mornings action. First it's five day and one day charts. Tuesday's trading was kind of choppy. Might it drop on the opening tomorrow? Here is a look at where the 1,035 series of Puts closed that expire this Friday. They closed at $8.50. It looks like Costco cycled up about five times yesterday. Given a weak market opening doesn't it stand to reason a three or four or five dollar will be i...
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News About Moderna

There is always news on Moderna. Look at these two charts both showing how it jumped up in price ten days ago.
When stocks have a pattern of jumping you only win when you catch the right direction. Here is the background to today's action (Monday Oct 24th and I am looking for an entry point). As mentioned before Mondays are not my favorite time to be purchasing option that expire on Friday. The D.J.I. and Moderna were up today. Moderna is in the spotlight concerning how much the government going to pay for their vacines going forward.
Now look at the stock's one day and five day charts. I didn't end up playing it.
Let's move on to Tuesday and here is some action.
There was a short and slight selloff around 2:15 p.m. Here is what I did. I got in at 12:57 p.m. looking for an afternoon selloff and I got out a 2:16 p.m. at the height of it's mini crash. It was a question of just getting out and asking questions later. (I did spend 15 seconds looking for news but I couldn't find any). The markets in general at that time were staying stubbornly strong.
Here is a chart of how it traded on the day.I was lucky to get out when I did.
Yet another opportunity presented itself the follow day with a mild afternoon price decline after a morning rally. It's nice doing these types of trades without having to take overnight positions.
Now a January 10th 2023 update.
Moderna is now in a sweet spot as it is not hurting for money.

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