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Late To The Party Option Players - Disney

Can late to the party option traders make money? It's something to consider? These Call options expire this Friday. There was news on it before the opening today. The second chart below a few minutes later shows it hanging tough. At 10:01 a.m. we now checking out the Puts. The bid and ask on the Puts are very tight. That also makes us ask what happened to the Disney 101 Calls that we first looked at? Here is what the chart now looks like. More Call option players have jumped in to play the upside that the downside. Might one do a spread and try to play it both ways hoping for a breakout either way? That's an option to consider. Disney has being a dog of a stock now for a year so might some profit taking set in? How is Disney going to pay for another theme park? With that on their plates forget any share buy back programs. They are taking on new risks in a period of global uncertainity. Are late to the party option traders best just to stay away from this unexpected situ...
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Boeing On A Dip

First it's five day chart.
Stocks after a dip like this sometimes take time to recover. Buy nexts weeks Calls just slightly "out-of-the-money" and sell this week's Calls against them. Here are the two series we are talking about.
Now the series with the shorter expiracy date.
Buy the longer term Calls and sell the shorter term Calls and hope the shorter term Calls expire worthless. What caused Boeing to sell off so quickly? Airports were crowded over the long weekend that we just had. People where flying in record numbers. Now read this.
So what to think? Boeing, partially because of it's size is easy to criticize. Yet a few cleverly worded paragraghs should not be enough to set off alarm bells. One takeaway is that there is a risk involved in purchasing Boeing Call at 3:59 p.m. on a Friday afternoon, especially before a long weekend. This stock has struggled as of late. Now at look at the two options series we just talked about after the close today, a Thursday. On a percentage basis this weeks Call lost more than next weeks Calls..
After tomorrows closing (a Friday) I will tell you what all this means. Boeing sold off on Friday (
) and the 165 Calls that I suggested should be sold as part of a spread ended up expiring worthless Here they are.
Here now also is the closing reading on next weeks series of 165 Calls and Boeings five day chart on the week.
Doing this spread at this point in time kind of backfired because Boeing dipped again today. Yes you do get to keep the $157.00 you collected on the expired Call contract you sold however the offsetting 165 Call one would have purchased to create this spread is also down now. A bounce on Monday or Tuesday is now needed to save "next-weeks" Call option. Now Monday at 11:30 a.m.
At this point in time you are in a break even situation if you did the spread I talked about. It's not exactly a pleasant ride. Tuesday had news. Boeing always has news.
Tuesday. Did you get out of the 165 Calls yesterday to recoup last weeks investment? The 160 Calls are the ones that could now gain from a short term rally.
To be continued.

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