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The Trade Of The Week

Boeing Calls suprised on Friday. The stock dipped at 10:00 a.m. So did the Boeing "at-the-money" Calls at that exact time. I often talk about Boeing options, most usually in the context of purchasing one week out Call options on Boeing at 3:59:56 p.m. or 3:59:57 p.m. on Fridays "at market" looking for jump upwards on monday mornings. I also note that 10:00 a.m. as well as 12:00 a.m. are commonly periods of time in the trading sessions where reversals in stock prices can take place. This phenomena is not an illusion. In this instance, there was an opportunity to pay $20.00 per contract for one day Call options on Boeing that were expiring that day which ended up closing the day at $990.00 Your timing in doing this had to be spot on. In all fairness it is not everyday that Boeing jumps up almost 5% in one trading session. Call options on Boeing at that time which where "out-of-the-money" had even more extreme upward moves. I don't want to bore you howe...
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Another New Electric Vehicle Player To Watch - Vinfast.

Do you remember Polestar going public at $10.00 a share?
Look at how it has struggled. It dropped further this week on a disappointing quarterly earnings report. Maybe next week it will bounce back again. It's still in business and advanced new models are soon on the horizon. It could be like the Nio report last week. Nio bounced back after reporting a quarter of lower production numbers.
Other upstart electric vehicle companies like Rivian and Fisker are also struggling to be profitable. Remember I recently mentioned Faraday Future doing a 70 for 1 reverse stock split? How crazy was that? A ten for one reverse split would have got them over the magical $1.00 mimimum trading treshold and kept it as one of the most actively traded stock on the Nasdaq. Here is how it traded this week after their announcement. Their stock in now sinking into oblivion.
Then there is a newly listed Vietnamese company called VinFast with vehicles arriving to North America and plans to buld a factory in the United States. What a dumb time to listing a stock in this sector on the NASDAQ. I think the stock is in for a rough ride.
Down from over $80.00 at the start of the week to $29.49. What's to stop it from going to $15.00? Stay away until it builds it's new factory on U.S. grounds and gets it up and running. On a differing note, the big three auto companies in North American now have new companies like this one coming out of nowhere as competition. Competition is a good thing. Consumers are gaining more options. ** An Sep 6th update. The rough ride continues.
A Sept.22nd update.
EV stocks in this price range make me nervous.

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