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Robinhood . With The Stronger Markets As Of Late It Has Had A Good Run

Robinhood is outperforming the markets. Here is it's one day and ninety day charts. ::::::::::::::::::::::::::::::::::::::; There is news about something happening which will positive for brokeage companies. Here it is. Robinhood was down in the premarkets but up on the day. The Genuius Act is coming. If it was going to be passed tomorrow this stock would have jumped up more than it did. Let's start to watch these Puts and the trading action in Robinhood to try to outguess what might happen next. Here is where these slightly "in-the-money" Puts that expire this week closed today, a Monday. If the DJIA jumps on the opening and Robinhood gains a bit I would be jumpng in on the Puts in the first five minutes of trading looking for a short term reversal. If it pops more than $2.00 on the opening I would just stay away. Now here is it's five day chart. It's not that I like fighting strong stocks. It's more that everything has jumped upwards in price since l...
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A Follow Up On The Costco Blog on Friday.

It's late Monday morning and the markets are flat to slightly down.
In our last blog on Friday we talked about trading Costco options and showeed how it surged in price on Thursday and Friday. This morning there was a pause and these "at-money" one week out Puts had a nice short term bounce until Costco decided to go back up again. Here is it's morning dip.
Now here is how the Puts that expire this Friday reacted.
What's missing is the price these Puts closed at on Friday before the weekend. They closed at $10.51. Then in this mornings dip they hit a high of $17.50. Not a bad return for a short term option trade. Monday mornings are sometimes devoid of market chatter and times when stocks stall out or take a pause. Playing options on stocks in the $1,000 range throws different tricks at you.**** A look at it's one day trading activity.
Once the stock started charging up there was no looking back. Many daytraders do not like holding options overnight with the exception of holding options over a weekend. For interest only, look at how the 1025.00 Puts closed the day.

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