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Snowflake Part Two : Thursday Overnight Position Going Into The Final Day Of An Options Life Are Not My Cup Of Tea Unless It Is Perhaps Tesla

The 172.50 series of options on this stock will expire tomorrrow. Today is a Thursday. The first printout shows a bit of a struggle on the opening in the first nine minutes of trading and a return to price it closed at in the previous session. (It did have a nice rally on the previous day then to only give it up). Could it rally again this morning? Now the second printout below the following paragraph shows the high volume of trading pouring into this series of Calls just after the opening. These high volumes of trading shown below happened in the five minutes and twenty one seconds of the trading session. Traders bought in on a slight dip looking for a reversal. Good for them. Are these traders hoping to be out at a profit in the next fifteen or thirty minutes? Yes. Get in and get out. Catch a profit as the stock is deciding which way it will go. It's early in the morning trading session and the volume of trading is always the highest in the first and in the last hour of trading....
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Roku Again And Playing A Sideways Moving Stock

First its thirty day chart. It looks like it is sleeping.
Now if we go back just a little bit further things seem to change.
I have blogged about playing options on this stock in the recent past. Now todays action and a look at it's one day trading pattern. Can you see it selling off at the end of the day?
Now look at this.The same chart except for it's last hour of trading.
Look at how the 66 seies of Puts were trading at 2:57 p.m.
Now look at how the Roku 66 Puts closed the day after hitting a high of $2.20 in this afternoon sell off..
That's how quickly option prices can change. These are early in the week options which are not as dangerous as one day or last day options. If you catch something like this only once or twice a week all would be good. **** Let's look forward to Monday morning April 8th before the markets open. Here is it's chart from the previous week.
Now it's thirty day chart.
One question we might want to ask is why are we even watching this stock when we would be watching something like Caterpillar? Here is it's three month chart.
Well the answer is that a one dollar move in Roku can be as big an event in Roku's option trading price swings as a three dollar move in Caterpillars stock price. Option trading in stocks of all different price ranges offer different trading realities. **** A look at April 23th.

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