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Five Day vs One Day Charts. Do Looking A Five Day Charts Give Traders An Edge On What To Expect On The Following Day?

Here are three examples that might help answer this question. Yet we are not talking about any five day period. We are talking about a five day period with the last day in that week being a Friday. That's the day of the week when many options series expire. First a look at a five day and one day chart of Home Depot. So a perky looking chart formation which is going upwards on a Thursday (Dec 5th) keeps on going upwards on a Friday. Look at one series of it's Call option action below. Very light trading and very little interest. Get in on the upside during the morning small dip on Friday morning and get out at a profit anytime later in the day. Sticking with Home depot did it's one week out Call options share in a similiar Call option experience? Here are next weeks Calls with the same striking price. Not really as they jumped 26% on the day versus the 68% increase on the "one-day" options. ...........................................................................
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Five Day vs One Day Charts. Do Looking A Five Day Charts Give Traders An Edge On What To Expect On The Following Day?

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Here are three examples that might help answer this question. Yet we are not talking about any five day period. We are talking about a five day period with the last day in that week being a Friday. That's the day of the week when many options series expire. First a look at a five day and one day chart of Home Depot. So a perky looking chart formation which is going upwards on a Thursday (Dec 5th) keeps on going upwards on a Friday. Look at one series of it's Call option action below. Very light trading and very little interest. Get in on the upside during the morning small dip on Friday morning and get out at a profit anytime later in the day. Sticking with Home depot did it's one week out Call options share in a similiar Call option experience? Here are next weeks Calls with the same striking price. Not really as they jumped 26% on the day versus the 68% increase on the "one-day" options. ...........................................................................
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How To Be A Better Short Term Costco Option Player.

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Let's start by saying it's 3:00 p.m. on Thursday and I am going to talk about the big sell off that Costco experienced this morning. There was news on it that seemed to take some time to be disceminated. I tried looking for what the news was all about in the first hour of trading and couldn't find any. As it turned out it was the "regular-stuff" type of news like last month's retail food sales or something like that. Everyone listening to this type of news seem to have their own slant as to what is happening. For many people this news is not that important. Costco often releases news like this. Sometime shareholders get stressed and bail. Why wait around to see if it only gets worse? There are always sharks out there waiting to nibble at falling prices. In the early few minutes of trading this morning the average retail trader had no knowledge as to what this news was all about. Opening markets started to tumble. This sometimes happens. If you're a frequ...
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Another Attempt To Explain Exxon Options.

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There are times I feel safer playing Exxon options than I do playing options on other stocks. Why? Well today this happened and the options didn't move all that much. What the heck was all that stuff? It was information that flows. It's humbling to read it. There are so many parts in motion which somehow mesh together to create Exxon's price at any one momeent. What I like about trading Exxon is that when it moves, it moves quickly. That plus when it does move the options on them move a chunk at a time. That can be a good thing. Here is Exxon's five day chart. It's had some recent really big moves. I picked something difficult. Two series of options on Exxon that expire at 3:00 p.m. tomorow. Here is how they closed today, a Thursday. Let's be clear. This is not a situation I would like to be in. Which way is the stock going to move on the opening? I note that there are four times more Calls outstanding than there are Puts. It's not uncommon to see thin...
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Insane One Day Action on Caterpillar And Deere Both Stocks Are Difficult To Follow

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First Caterpillar. I can't make this kind if stuff up. .......... Only 136 contracts in this one series traded today.That's nothing. I have being commenting on these low numbers in recent periods of time. We hear the terminology "buy-on-the-dips". I didn't see that happening today. Deere the same thing however it's Call action was less inspiring.. Very few Deere Calls traded. Here is how the DJIA traded on the day. Now their thirty day charts. First Caterpillar. Now Deere. Look at Caterpillars one day chart yesterday. One series of options traded down to $4.00 to only then rebound to $23.00. That was the play of the week. Once again, Wednesdays like I have said fifty times before are the best days on the week to look for reverals on "one-week-to-expiring options". At this point in time I would skip playing the Thursday last "two-days-to-expiring options" on these two stocks and check back into the action on Friday to only look at T...
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Short Term Options On A Volatile $5.00 Stock.

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Wednesdays in the world of option trading can be days for market resets. This is the third blog I have done on this stock Big Bear Ai. Reference my first blog of November 18th blog if you wish. Here is how I introduced the stock back then. The stock seems to trades millions of shares each day. It's options have good liquidity. Here is it's five day chart. Now it's morning chart. The markets aren't doing very much. Now here are this weeks Call options, (well one series of Call options) are doing. . Can you see at how at 11.06 a.m. they are starting to move up? Now the closing day readings. Just get out. To make trades like this work the stars have to be lined up right. Read my past two blogs on this stock. With all the Ai trading why isn't the volume of options traded way higher? *** Here is the stocks five day chart on the week. Notice the spike in volume at 9:32 a.m. on Friday. The five series of Calls I was was tracking mid week went on to triple in price.
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