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Trying To Make Costco Options Impossible To Play That Expire In One Day.

This was a special situation. A quarterly earning report coming out on the eve of one day options. With five days in every trading week the odds of that situation happening are only like twenty percent.  Some companies, more in tune with the potential for market manipulations will avoid earning report releases on Thursday afternoons for this very  reason. For some option players the event of  having one day options reacting to quarterly earning reports is like waiting for Christmas morning. Especially on stocks in the $1,000 dollar range. First the Puts on a Thursday morning at 9:52 a.m.. These are Puts which are $9.75 "out-of-the-money" with one day of trading life to go before they expire. Look at how crazy expensive they are. The stock would have to drop $21.00 in Thursday and Fridays trading just to break even. Earning reports will be coming out at 5:00 p.m. (on a Thursday - today) which is after the market closes. The fireworks will start in the next morning when the...
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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..
Then.
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?

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