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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.

Boeing Calls After Two Strong Upward Days of Trading

This blog follows a blog two days ago following the same thing. This time it gets more interesting as the stakes get higher. Here is how the Boeing did on the day. Will it keep risng tomorrow?
Here now are the premiums on the 190 and the 200 series of Calls we talked about in our last blog.
Now the 200 series.
In our previous blog these trading numbers were $1.92 and .31 cents. At some point in time in the near future the 200 series Calls will burn themselves out if the stock doesn't pop higher. It could. Let's see what happens next. The volume of Call option activity tripled over what happened the day before. Rising stocks attract attention. Thursdays and Fridays may suprise on the upside but Wednesday mornings can sometime bring reversals. Mid week option trading (Wednesday) I enjoy doing usually centres around one hour plays just afer lunch. Everyone trades differently. I would be getting out of Boeing after a little surge like this. More to follow. Now the action in early morning Wednesday trading. Note I talked about how this day of the week can have reversals. As Boeing opens strong look at how the "out-of-the-money" 200 Calls surge upwards. Look at how the 190 series of Calls keep going up.
Now here is where the Wednesday change of attitude can kick in. Look at these two 12:24 p.m. readouts. Boy things have changed. The 200 series of calls after a spectular run could now be toast.
Finally, this how Caterpillar closed the day.
What's next? What is the sweet spot? Well it's not six dollar Calls that expire in a few days.

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