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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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Caterpillar and Boeing

Here are their five day charts. Caterpillar was down $41.61.
Boeing also got hit. It was down $36.72
It's Sunday night as I write this and the DJAI futures market at 10:44 p.m. is down 906 points. How can you use options to play this? Well Put options purchased two weeks ago would have worked wonderfully well. That was then and now is now. What to do. The markets look ugly for tomorrow. Just stay away. The hourly swings in the market can cost you money. Come back in a month's time. Nothing makes sense right now. Last Friday was a unique day. The markets were tanking and options on stocks were expiring the same day. Look at this chart of Eli Lilly last Friday at 10:42 a.m. The stock as down $60.20.
Now look at how these Call options closed the day.
With one day options the premiums for time value are very low. Buying any Call option tomorrow (Monday) will have an expiracy of April 11th (a Friday) meaning baked into the option's pricing will be a premium for time value. Thats not a good thing. But wait. At the start of last week I did a blog about Carvanna and it had Call options on them that sank on Monday morning and then came back up strongly in the first hour of trade. Could that happen again tomorrow? Not really. The weekend rallies against Trumph were to great. There will be nothing Trumph can say or do tomorrow to save the markets. Now is not the day to be trying to outguess the markets. That will change as the week progresses. For now just stay away.

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