Look At How Eli Lilly Tanked On The Opening
Here is it's chart. Can you see how much it dropped? Here is what one series of Calls and Puts did. First the Calls. Notice the light trading. Now the Puts. The Puts on the opening never traded at lower prices than this one lonely trade. The Bids and Asks would have dropped after this trade happened however there were no takers, partly because there was a built in expectation that the stock might rebound upwards again. Now let's push forward. Here is what it's five day chart looked like at the close of the day. So the chart looks like a mess with a step down formation on each of the last two openings. From past experiences I think that kind of a chart experience is a kiss of death on tomorrws opening. i expect it to open lower again and what happens after than remains unclear. It is going to take some good news to prompt it back upwards again. Here is how this one series closed the day. Once again, I would expect it to have another drop on the opening. I wouldn't b...
