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Tesla and Deere Going into a Thursday Morning.

Are you able to remember my blog last Friday talking about Tesla dropping $19.00 in one day and it's Puts jumping up a zillion dolllars? Here are the closing numbers on Tesla and Deere today, Wednesday September 11th. They are difficult to read but Tesla closed at $228.13 and Deere at $388.59 Now look at the sightly "out-of-the-money" Calls on both of these two stocks which expire at the end of the week. Now the Deere Calls. .................. Now look at their one day charts. Remember I have repeatedly said that Wednesdays ( in the context of trading one week options) are the best days of the week for turnarounds situations. Look at the one day charts and look at the gains on the day that both of these option series had. They both took off on the upside after a morning dip. I will continue to track the movement of these two series of Calls over the next two days but the context of this blog is a blog in itself. Wednesday once again can be turn around days. Happy tr
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Interday Trading Opportunities. Feb 15th - Boeing

Let's talk about Boeing. The stock was down $1.01 on the day. Here is it's early morning chart.
Call you see it drop a touch before 10:a.m.? Now here is it's chart on the day.
Here is what I did.
In at 9:45 a.m. at $365.00 about ten minutes to early and in at 10:04 a.m. at $305.00 just as the stock started to rebound. That was good timing. I was buying the 215 Calls which expire in three days. That was a chunk of money and what I was really hoping for was a $2.00 quick rebound. That didn't happen and I quickly found myself babysitting something I really didn't want to be in. You can also see my second buy in above. Now check on the chart to see the action between 9:30 a.m. and 11:30 a.m. when I was in this position, now with two contracts. I got tired of waiting and I was lucky to get out before the selloff that happened around 12:30 p.m.. You can see my sell ticket and it's timing also on the ticket shown above. Out of both contracts at $380.00 with one sell ticket. I still liked Boeing as it had a big airplane order this week. My focus for the week however was to shadow the market and take small quick profits. I made less than $70.00 on this one and I found myself stuck in the position for almost two hours waiting for a pop. Talk about painful. Then I double dipped. I seem to have a high threshold for pain. I witnessed Boeing selling off a bit after I got out and I wanted to get back in the action. This was forty minutes after I got out. I was now hoping for an afternoon rally.
I bought back in at 12:10 p.m.. Look back up at the chart again to see where Boeing was at then. It was off in price. My timing to get back in was good.This time however I wanted more upside leverage so I moved the striking price up one series. This time I purchased the 217.50 Calls (vs.the 215 Calls) which was a higher risk but offered more of a return if the stock rebounded quickly. He is what I did.
I bought four contracts at $.96 each at 12:10 p.m.
I got out after waiting just over 1.5 hours to make $25.00 less commissions on each of four contracts. I got out at 1:42 p.m. at $121.00 a contract. That trade was a touch smoother. No one was giving out free money today. Boeing closed the day down $1.01.

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