The Dow Up 457 And the Nasdaq Up 460.70

Look at these gains today. Today is a Thursday. Meta is up $18.04, AMD is up $17.49, NVDA is up 110.55, AMZN is up $6.00, ELI lILLY is up 23.75, SUPER MICRO is up $241.52, NETFLIX is up $15.12, COSTCO is up $11.38 AND MODERNA is up $11.85. Gains of $110.55 and $241.52 in one day on two stocks! What's that all about? Well warning bells should be going off. We must be at a short term top. Three stocks stand out to me that are having changing stories. 1) Moderna. 2) Rivian. 3) Lucid In these crazy markets a lot of these stories get buried. Option players in these markets are getting whipsawed and it is getting to be to difficult a market to play in. Once this final round of earning reports are over things should get back to normal.

Netflix and the Future Value of Income Streams

Netflix had news.
On the release of this information the stock jumped and here is where it gets really crazy with "out-of-the-money" Call options that expire in two days. Call it insane. What I am about to show are random samplings of this action.
For years now articles have being written on the Netflix business model and what bothered market pundents was how they were losing money on customers giving away their access codes to other users. Other questions. Do upticks like this trigger automated tracking systems set off alarms that catch jumps like this within seconds of these meteoric liftoffs? Do C.E.O's tell their son-in-laws of this impeding action. Did the fellow driving the Porche 911 in front of you buy it with the profits made from acting on insider news? Can you buy Disney or Roku tomorrow and catch similiar gains? In two recent blogs this week I talked about Boeing Calls jumped in price on Biden news about how he was handling one days news on the debt crisis and how Harley Davidson had great earning reports only to watch the stocks price drop on spurious comments about potential headwinds ahead. Were such comments warranted? The markets are full of trickery. Things to think about when you are on the bus in the morning beating yourself up because you wasted money on a Starbuck coffee. Look, option trading isn't for everyone but I am hoping that little blogs like this will raise eyebrows.


Popular posts from this blog

Boeing Down $20.00 or 8.03% On A Monday Morning

The Three Amigos On A Friday

Boeing. Trouble Where Trouble Shouldn't Be.