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Could Boeing Surprise This Week?

It's beaten up. Here is it's five and thirty day charts. Boeing is a company which gets rattled by a barrage of events and gets to bask in the continuous good news of unexpected new orders. The backlogs continue to grow infinitely large. Will Boeing benefit from good news this week? That's the appeal of this series of Calls. Yet before we get cozy and jump into this weeks action let me show you one day of last's weeks trading action. Here is the closing price last Wednesday on it's 220 series of Calls. At that point in time they still had two trading days life left in them. They then ended up on Friday expiring worthless. That's a sobering thought. You can confirm what I am talking about on it's above five day chart. Playing options on this stock is not a walk in the park. Now let us look at this weeks 217.50 and 220 series of Calls starting with the 220 series which are further "out-of-the-money" and more of a gamble. They both offer five days ...
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Things Are Happening Quickly With Trump Coming Into Power.

Look at this. Pfizer. It's five day chart. What is happening? Look also at Eli Lilly's five day chart.
Now look below at how Eli Lilly sold off again, this time on Monday morning. The news of what was happening was further decimated over the weekend.
Can you jump in now and play it for the upside? Perhaps but who would want to? Call options on it are so expensive now that this time it would have to rally way more than half of what it just lost so far today just break even by the end of the week. Who would want to take this risk?
Now a question. Why is the open interest posted above at zero now? Well traders last Friday looking for a rebound where busy purchasing the 745 series of Calls instead. Not this series. Now here is how the 715 series of Calls closed out the day. They ralled over $4.00 a contract since we first looked at them.
Here is now what it's five day chart looks like at the close on Monday.
Now consider Pfizer. Might it rebound a touch at this point in time? Well options with less than a week to go in the twenty five dollar price range are dangerous. Here is a look at how it's "in-the-money"$24.00 series of Calls options with ony four trading days to go are trading at the end of the day on a Monday. Will they pop enough on the opening tomorrow to get out with a 50% profit? "In-the-money" Call options in this price range sometimes offers this potential. Not many traders were jumping into them today. Friday, when these Calls expire is still a long ways away.
No such luck. The DJII is down on the openining 325 points.
Eli Lilly is also down just over $10.00.
Eli Lilly always takes a grubbing on the release of bad news.

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