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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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Three Chart Patterns To Compare.

Lets see what chart pops first. Which one of the three following charts do you do think has the best short term upside potential)? 1)
2)
3)
Here is what the first chart looks like at the close three days later.
Can you see how it spiked yesterday to really end up where it was seven days ago? What stock is it? It's McDonalds. What a wonderful one day rally it had yesterday. 2) This time the number two stock on our list is Boeing. It jumped today after two days of slightly edging up.
Look at how the 180 series of Calls that expire this week jumped on the day!
One thing to notice is how it seemed to test it's lower resistance level this morning before it quickly blasted off. One could say that it helped that the D.J.I. jumped 300 points on the day however the other two charts didn't jump. The third stock is Roku. In it's above chart it seemed to be firmly in a sideways moving pattern. It still is. Patience is a virtue.
Is there anything to be learned from this? Well let's do another blog like in the near future to see what the results are like. Boeing (and Caterpillar) are both in price ranges that sometimes swing like this and Boeing is particularly susceptible to news releases which can be either good or bad. Caterpillar not so much so.

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