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Ford Calls and a Big Surprise.

Look at this Ford chart on July 1st. Now todays Call options. Every quarter these types of reports come out. This one was good. Watch for it Next July 1st. A $2.00 option went up to close at $37.00. In my introductory remarks to this blogging channel a few years ago I said many old farts driving Mustang convertables paid for them from money made on playing Ford options. This bounce today in the Call prices based on this good news report of rising sales was one of those events. Now this, the strenght continued into the following day which is Wednesday July 2nd. This is a short week for option trading with tomorrow being the last day. Action like this is extremely rare.
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Trump Says "We Will Be Off To The Races When China Calls".

First Solar tanked on the opening (a Wednesday) on news of an economic slow down and Trump talk. At 9:43a.m. the D.J.A.I is down 630 points.
First Solar took a hit.
Now this about ten minutes later. The stock has stabilized. Volume on the Call side is increasing.
One trade at $2.86 and the spread between the "bid and ask" actually widening. It's the catching the falling knife syndrome. Now this.
The DJAI keeps going down.
Twelve minutes later strenght has come into these Call options. The spread between the "bid and ask" remains crazy high. The stock has stopped falling.
Where are these options going to be in ten minutes time which will be 10:20 a.m. Can you see how nerve racking playing this sell off is?
The "bid and ask" are now tigher. Normalcy is returning. Or is it?
Now a recap. $2.99 at 9:48:00 a.m.,$4.00 at 10:00 a.m. and $5.40 at 10:10 a.m. Only 29 contracts traded during this time period which tells us that option traders are not conditioned to be playing these kind of moves. Nor is Ai trading considering the millions of dollars they spend on tracking and profiting from market moves. Yes you can catch a falling knife. Notice that this stock started to rebound before the DJIA stopped falling. Successful Call option traders had to recongize that. Now a 11:20 a.m. reading.
Notice the increase of only one Call option traded? Now the final end of day pricings.
The DJIA closed up 148 points. :::::: Now a next morning look.
The end.

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