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.

"Out-of-the-Money" Call Options on Boeing With One Day to Go

Who likes trading options that expire that day? Let's move forward. First here is the five day chart of Boeing prior to it's Friday morning opening.
It looks like it could bounce. Part two, here is what I did. Look at times I got in.
In at 9:32.34 a.m. at thirty-two dollars each on four contracts and out at 9:43.07 a.m. at sixty-nine dollars each and also in at 9:34 a.m. at forty dollars each on two contracts and out 9:44 a.m. at seventy nine dollars.
These are ten minute trades picking off doubles in price. Here is a screen shot of how Boeing was trading during this particular period of time. I caught part of a one dollar early morning move up holding "out-of-the-Money" Calls. the ones that move the most percentage wise when they only have about six hours of trading time left in them. That is something to study.
Had I waited another ten minutes to get out I would of had given up all of my profits and had I held on to these positions until the end of the day I would have lost everything. Here is a one day chart on how Boeing traded.
Here is a look at how this series of Calls, the 212.50 Calls traded on the day. Eighty Four dollars was the high of the day.
The real winners in this secenaro were the 207.50 Puts. That's a different story which would have taken guts to play.
Movements like this happen every Friday.


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