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Why Not To Buy Not Rivian Calls With Two Days to Go?

It's obvious right? If you mess up and the stock opens the wrong way you only have one day for a rebound. Why put yourself in that position? Others might be in the camp of saying why not go for a fifty percent rebound on Thurday's morning opening. The stock sold of on Wednesday on very little volume. A morning pop is possible. The stock has being strong as of late. Here is it's five day chart. Now this, the seventeen series of Calls that expires in two days. They do look cheap after hitting a high of $1.55 on the day. If we look at a 30 day chart we will see that the stock is still in an uptrend. Why not look at the Call options one and two weeks out? Here are the seventeen series of Calls one and two weeks out They would be much safer to play and I will check in on these ones at a later date. So what happened on the Thursday opening? Let's switch gears for a moment and look at how Roku, a much higher priced stock opened and look at how their Call options moved.

How Exxon Closed The Door On Option Traders Today

With Exxon we are dealing with a well oiled, well orchestrated machine. Every drop of oil and every trading derivative monitoring the flow of money surrounding oil is tightly scrutinized. Don't try to trade options on Exxon on Fridays that expire that very same day. You will get shut down. Here is a case in point. But wait. I take it all back. None of that is true at all. Look at this one printout which tells us so much.
At 12:08 p.m. here are the Exxon 104 Calls that expire for retail investors at 3:00 p.m. Look at how the contracts on the opening traded for under $.05 cents. It's noon and look at the profits which could have being made! A move of $.03 to $.37. Now here is the chart showing how Exxon traded on the day.
Now look at what the 104 Puts were trading at at 12:08 p.m.
Now this. Now it is time to change the title of this blog to How Exxon Didn't Close The Door On Option Traders Today. In fact, they left it wide open. Look at how Exxon dropped from 1:00 p.m. to 2:30 p.m. The 104 Puts that were trading for like $.25 cents at noon would have increased in price four fold in two hours. Here once again is a chart showing what Exxon slumped down to at 2:00 p.m.
It's easy to write blogs about things like this. The reality is that these kinds of trades are difficult to execute. I am just trying to open up your minds to the possibilities of what is out there. Come back soon and read more.  Let's jump ahead one week. It is now Thursday December 7th. Look at how it is down on the week.


Let's watch the action. These printouts are as of  11:50 a.m.

Let's now see what has happened at the end of the day.



Now here is it's five day chart.

Time now is working against the 100 series of Calls. Yet then again, it looks like it could bounce on the opening.   Here is the day ( a Friday ) action, well only the first 65 minutes of trading. Exxon is up $1.16. Here is a  look  the 100 series of Calls. Yes they are struggling but the Exxon 99 series of Calls had a nice bounce. Yes you can play short term Call options on this stock with only one day to go.


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