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Late To The Party Option Players - Disney

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. 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 on their plates forget any share buy back programs. They are taking on new risks in a period of global uncertainity. Are late to the party option traders best just to stay away from this unexpected situ...
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The Hurricane - An Avis Option Trade

Last week I did a blog about a little trade on I did on "Home Depot" hurricane news. A second tradable trade presented itself this morning that in hindsight was easy to predict. Last week we all witnessed the carange of cars and boats being destroyed by rising sea levels. Thousands of cars where destroyed. One of the things this means is that Florida instantly needs thousands of rental cars. That's good news for Avis, right? I would think so except for the fact that they too lost vehicles. Here is a look at how Avis traded last week up until Thursday morning. Avis is a company I have never traded before. With the high demand for used cars these days it is not a situation I feel comfortable trying to outguess. This stock made some nice moves upwards last week.
Today is Monday. Doesn't it stand to reason that over the weekend tens of millions of people got to watch news clips on t.v. of the damage incurred? The following chart shows the lift Avis got on the first few minutes of trading this morning. In hindsight we all should have bought Call options on Avis at 3:59:57 p.m. last Friday.
Also now shown is how Avis traded on the day last Friday. Do you see how late in the day profit takers caused the stock to take a slight dip just before the closing bell?
Ps. Here is something I did on Friday (the DJI sold off 500 points on the day) in anticipation of a Monday morning rally. I try not to hang onto positions for to long with short term options. I purchased at around 2 p.m. one contract at $154.00 on Caterpillar that expires this week.
I didn't stay in this position very long. I stayed in it for just less than ten minutes on the opening this morning. The reason I got out so quickly was that I also bought a Boeing Call near the close on Friday so I wanted to lock in as early as possible one profitable trade. Doing so would offer protection just in case the Boeing Call option position started to go south. I got out at $310.00 after buying in at $154.00.That's a double.

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