Walmart "Last- Day-To Expiry- Puts " At 11:15 A.M. On A Friday Morning
It's a friday and these Call options expire today. Here are how it's one day Puts are trading. At 11:15 a.m. these puts are "in-the-money". Now it's one day and five day chart. .... Doesn't it look like it's one day chart is going to run out of steam? Now let's look at how the stock ended up trading on the day. It looks like the stock basically traded sideways for the rest of the day however it really didn't. It has it's ups and downs. The little red line shows the action in the Put prices on the day. Had you bought the Puts at $.44 per contract (or $44.00 dollars) at 11:15 a.m. you could have sold them out at 12:08 p.m. for $1.66 a contract, at 1:26 p.m. for $1.42 a contract or at 2:56 p.m. (four minutes before the 3:00 p.m. sellout deadline) for $1.35 a contract! What amazing gains compared to the five days of drama found in my previous blog about trading drone options with one week of trading life left in them. Interday price swings on ...
