Featured

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.

Can You Catch Ford Struggling On A Thursday After A week of Negative Talk About Excess EV Inventory? Then there Was News

First the five day chart and a Thursday morning early trading chart. Timing is everything.
Is a jump upwards by tomorrow possible or a slight rebound in the next few hours or into the early afternoon? It's really the next ninety minutes of trading which could be a sweet spot.
To be continued. It's now just after 11:30 a.m. Can you see the bid and ask are up?
Now Ford around 1:52 p.m. The market is softening up. Now would be a good time to get out and call it a day.
In at .21 and out at .28. Do it on a trade size of 50, 75 or 100 contracts. It's not much of a gain however its a gain in U.S. money and it was a play on an oversold morning situation. A lagging stock in a strong market. There were small spikes around noon as news came out.
We will check back later to see what happened to this series on the closing. Hanging onto these Calls going into the last day of trading is not a smart thing to do.
Look at how wide the bid and ask are now at the closing. The market makers are trying to give themselves some protection in case the markets pop on the Friday opening. Anything could happen tomorow. **** Payroll numbers came out on Friday morning. The markets are up. Anyone with guts who banked on an opening rally in the Ford Call options we where watching did well.
Also note a low on the opening of .18 cents. What's that all about? Someone had an order in for a premarket trade. That's a topic for another day.+++++++++ Now let's jump ahead to the end of the trading session on the following week. It's Monday was a holiday.
Same old game and Ford has only moved ten cents on week! That explains why the option interest numbers are down by half. Fewer traders than last week are thinking about Calls.

Comments

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