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3:30 P.M. On A Day the DJIA Is Down Like 700 Points.

So here are four solid companies.Let's see how buying two day ( Friday ) Calls are the way to go. 1) .. 38.000 contracts have traded. 2) Is Boeing. .... 3) Is Tesla. . . Now Apple. This time with a 4:00 p.m. chart. . Here now is how the indexes closed on the day. The markets remained largely unchanged in the last twenty minutes of trading. These options are down 28%,63%, 53% and 62%. Let's see what tomorrows opening trading will bring. Now Thursday's closing readings. Down 68%, 89%, 93% and 53%. That's what happens when the markets drop 992 points in two days. Trumph is wrecking the markets.
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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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