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.

Mullens Again - Dangerous Unknows

I am coming off a $100.00 gain on Mullins an electric vehicle company I recently talked about. It's a hot potato. Some might say $100.00 is just a piddle. Here me out.
Here is the trade I did, this time in stock, not options. "In and Out" in one day and out at 6:01 a.m. Why was I up so early? I was in a tent in the dark during a rainstorm camping on the other side of the world when everyone in that campsite was sleeping. I caught a small bounce. Getting out in the premarkets got me out near the top of the day, higher than what the stock traded for on the 9:30 a.m. opening bounce. One of the things I noticed about playing this stock is that they show you premarket bids and asks. That can be a bonus. Premarket trading can sometimes be your best friend. My sell ticket was "at market" and on the purchase I specified the purchase price. "At market" is not scary with stocks trading this kind of volume.
........................................................................................................................................................ Here is where we are at a week later.
This little bounce was a repeat performance of what happened one week before. It's one to think about. Maybe. * Mullens again.
Now look at the number of shares outstanding. It's a bit of a train wreck but it is kind of an interesting story.
With so many shares outstanding and with a need for constant amounts of new money this one is a dangerous hold. ** More mid February bad news. Inside selling and raising more money. Two things you don't want to see.
This continuous to be a stock to watch.


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