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Costco. It's Short Term Options

 Options on stocks in the $1,000  range often move  50%  or more in only a matter of  minutes on the opening on Wednesday and Thursday's . The trick is to  anticipate correctly which way the markets are going to move. That's a fools game you might say? Yes and no. It may not be a game you ever play but it might be something to consider to put in your bag of tricks when you are on a role. One thousand dollar stocks sometimes move five, ten or fifteen dollars on the day. If you have profits it's best to take them quickly. Costco is a prime example of that. Let's look at this mornings action. First it's five day and one day charts. Tuesday's trading was kind of choppy. Might it drop on the opening tomorrow? Here is a look at where the 1,035 series of Puts closed that expire this Friday. They closed at $8.50. It looks like Costco cycled up about five times yesterday. Given a weak market opening doesn't it stand to reason a three or four or five dollar will be i...
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Capitalizing On Monday Morning Exuberance - Roku

I have spoken about Roku in past blogs( April 29th, March 27th, Feb. 17th). I like playing sideways moving stocks. Here is an entry point I made at 1:52 p.m. last Friday. I purchased two Roku May 24th 58 series of Calls at $129.00 each. The stock was going sideways all week and then dipped a touch on Friday. Would new life come into the stock?
Monday morning saw excess exuberance so I got out of my Roku position without waiting to make more.
Here is what the chart looked like.
I like selling into strenght like this. At 10:05 a.m. I got out at $2.97. Remember I got in at $1.29? Here is it's one day chart.
Not a bad time to sell out with Roku at 10:10 a.m.being the high of the day. I did try to play it down after I sold out however I was off a few cents in my entry point of my Puts purchase and then I didn't want to chase it. At the same time another stock was peaking and attracting my attentions. Carmax. It's not a stock I follow but I just happened to see it spiking. Other companies in the same space where also up. Would it be a short term bubble? Look at it's early morning chart. Here is what I did and how I made out.
I got "in-and-out" of two little Puts in just under an hour. Here is how the stock traded on the day.
There wasn't much there to be made.
In the past most of my experiece with Monday morning exuberance is in Boeing. With the markets as of late being so strong, multiple opportunties now exist.

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