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.

Looking At Call Options at 11A.M. On A Friday

Here is what the markets are doing at 11 A.M. on a Friday morning.
Here is Nio at this time. First it's five day chart.
Now a one day chart.
Now the Call options which expire this afernoon with a six dollar striking price.
Is it crazy to be looking at these? Not really, the stock was down $.31 cents the previous day. What's next? Let's now look at the Ford Calls at 10:52 a.m.
Here is how the stock has traded over the last five days. Could is rebound in the next four hours?.
Here is how it's options are trading.
Notice that the volume of trading is greater than the open interest? Now Boeing at 10:45 a.m. This time we are looking at the price of slightly "out-of-the-money" Calls, the 212.50 series.
It did pop $8.55 cents on the previous day as shown below so could it gain more momentum today? One might think so.
*** So what happened at the end on the trading session? Nio closed at $6.06 so the Call holders who hung on got their money back. Remember at 10:55 a.m.,they where trading at bid. 04 ask .05. Ford actually rallied to $9.20 and the Calls we were watching went up to over 20 cents. Remember at 10:52 a.m. they were bid .03 ask .04.That was a nice gain.
The big winner were the 212.50 Boeing Calls with the stock closing out over $215.00. With that, the Call options closed out over $2.50 . Remember a 10:52 a.m. they were bid .41 ask .45.
It all worked simply because the market was up almost 400 points.


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