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Boeing Jumped On Both Thursday And Friday Morning.

Here is it's five day chart last week. It jumped on Thursday morning and on Friday morning. It's chart looks perky. Will it jump again on Monday morning? No because Monday morning this time is a holiday. Will it jump on Tuesday morning? On Friday the stock was up $3.61 and here is how this one series of Call options closed the week. These are Call options only slightly "in-the-money". If there is an opening bounce on Boeing on Tuesday morning these ones could quickly jump up in price a touch creating a "get-in-and-get-out-and-never-look-back-situation". Let's see what happens. (Did you know that Boeing suspended dividend payments back in March 2020?).
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Toyota

Very few option contracts trade on Toyota. I have wondered why and offer one potential explanation. It's listed on multiple exchanges around the world and "option makers" in North America are basically just following the action. If the markets open stronger in North America that means Toyota traded stronger overnight on markets overseas. Secondly, the Calls and Puts trade in incriments of five dollars.There are for example 135 Calls, 140 Calls, 145 Calls. Having a five dollar spread wipes out the incentive try to daytrade option series which are soon to expire. If the stock moves from 142 to 143 the "bids and asks" on a 140 series of Calls might hardly change. It's not like trading the stock like Boeing where you can get in and out with option series set up in increments of $2.50 . Here is it's one month charts. The company now has a new C.E.O who is getting criticized for not moving to go electric quickly enough.
What I am now about to show you might discredit some of my above points. It's a five day chart on Toyota and look how all the action seems to happen on the opening. Why? It's the effect of overnight trading on other markets. Our North American trading follows Toyota's overseas market trading.
Now back to my point of how contracts trade. A volume of three and twelve contracts in the 140 Calls and Puts series that expire soon. Look at how wide apart the "bids and asks" are and how low the outstanding number of open contracts are. It's crazy.
Toyota is a great company. It's just not one that attracts option players.

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