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Snowflake Part Two : Thursday Overnight Position Going Into The Final Day Of An Options Life Are Not My Cup Of Tea Unless It Is Perhaps Tesla

The 172.50 series of options on this stock will expire tomorrrow. Today is a Thursday. The first printout shows a bit of a struggle on the opening in the first nine minutes of trading and a return to price it closed at in the previous session. (It did have a nice rally on the previous day then to only give it up). Could it rally again this morning? Now the second printout below the following paragraph shows the high volume of trading pouring into this series of Calls just after the opening. These high volumes of trading shown below happened in the five minutes and twenty one seconds of the trading session. Traders bought in on a slight dip looking for a reversal. Good for them. Are these traders hoping to be out at a profit in the next fifteen or thirty minutes? Yes. Get in and get out. Catch a profit as the stock is deciding which way it will go. It's early in the morning trading session and the volume of trading is always the highest in the first and in the last hour of trading....
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Economics 101 and 102

When a hurricane comes to Florida buy Puts on Home Depot (symbol HD) and if it's a really bad hurricane and you see cars on the t.v. floating down roads buy Calls on Avis Budget Group (symbol Car). That's Economics 101. Economics 102 is to buy Puts on Visa (symbol V) or Puts on Master Card (symbol MA) whenever Fed Chair Jerome Powell is about to make a speech.
Here is todays reaction on yesterdays news. These are sizeable drops. You could even have bought in just after the speech was made. On the earnings front Moderna dropped today as did Roku.
What a day. P.s. Moderna and Roku then both came back up again. Given this bad news that should make them more difficult to play on the upside going forward. Shouldn't it?

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