What To Focus On - Part Two

My blog of November 27th was entitled "What to Focus On". Please read it. This week we are feeling a bit of a hangover. Last's weeks triple witching event is over. Stocks that were forced to contract in price to sqeeze out spectatate positions on them are now free to resume there old trading patterns. This Monday morning at 10:20 a.m. the Djia is up 301 points. There are also losers. So now what? Mark on your calendar exactly three months down the road how the markets traded on the first morning after one of these triple witching events and use this same logic to catch the upside on the next "hangeover" day like this. How do you pick the winners? Find a few stocks that have enjoyed a recent upswing and play them to pop on the first trading session after one of these events. This blog is just an observation.

Walmart - Management Has Talked Down The Stock- Part Two Of A Blog Posted Two Days Ago Called The Santa Clause Rally

I spoke about Walmart in my Santa Clause bog two blogs back. Here is what happened today. Let's start at 2:30 p.m. and look at the 150 Walmart Calls which expire at the end of the week with three full trading days still to go.
Now 33 minutes later.
Then this happened..
They closed at $1.98:00 That's not a bad move in 90 minutes. One Comment. People fear trading short term options. It's Tuesday and time value (the lenght of time it has unit it expires) was not an issue to have to think about. In some ways short term options is the best game in town. **** Did the rally carry over into Wednesday? Yes and no. Look at the high on the opening. It did pop.
The path forward is now not as clear.*** What happened the next day? There was a slight uptick on the opening.
You would of had to be quick to get out near the top. Here is how they closed the day.
I don't like this chart as much as the chart from the previous day. *** Call me timid. The stock and the options jumped the following day Dec.13th.
Note the open interest remained the same. All the volume was day traders. Look at the one day chart. Can you see how compelling it was to hop back in?


Popular posts from this blog

I Wonder How The Back Office Is Going To Handle My Complaint

Disney Had A Good Week, Fisker Not So Much . Lion Electric and Taiga

Boeing Down $20.00 or 8.03% On A Monday Morning