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Walmart - Trying To Outsmart The System

I don't know if it is going to work. Buying a Call and an offsetting Put on the same stock with the same striking price with two days of trading life left in them. The logic is to sell one of the two if it gets a double or more, (hang on as long as you can), and earn a free ride in an offsetting change of direction. Look at this five day chart and you might see how this train of thought developed. Now a look at one Call series and one Put series. These options both have two full days of trading life left in them. Here is it's five day chart which looks like it might break out. It really takes a share price move of over $2.00 quickly, to make this a fun experience. Options priced in the $1.00 range can suprise. It also could be a total bust. Let's follow this action and see how it all plays out.Thursday morning. Here is the early morning action. The Puts really performed. Can you sell out of both postions and take a profit. Hold that thought. Might it go lower? Here is ...
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A Letter To The Editor

In Barron's on July 8th. It goes something like this. Zero-Dated Options: A Road To Addiction. I know we are at a market top when my 17-year-old son is begging me to allow him to trade these options with his savings from birthdays and graduation {"The Lastest Day-Trading Craze". Cover Story July 1st). Instant gratification. Between this and sports gambling, we are promoting addictions. Read my last Tesla blog.

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