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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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Waste Management Again

Last Friday I did a blog on Waste Managemnet showing how it closed strong on the day. I showed how it's Call options also got dragged up and my point was that two week out options are sometimes a sweet spot in the market. Here was it's one day trading chart on Friday.
So this morning, a Monday morning I checked it out once again. Here is how it was trading.
Now let's skip ahead to the end of the day. Here is how the same Calls are trading.
So in two trading sessions they went from a low of $3.43 up to $5.60 with no thoughts about "time-value" working against you. Here now is it's five day chart.
Option trading doesn't always have to be about making "all or nothing" trades. *** Earnings came out.
This is a good example of pre-earning option trading. Here is how they closed the day.
** Look at the hit it took on the splke down when it's earnings were released. Someone was waiting for that to happen. Now the stock will be going into neutral trading territory.

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