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"Late To The Party "Option Players And "Disney" On Good News

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. That's why the heading is called "Late to the Party Option Players". It's using options as a trading vehicle to reacte to a situation as opposed to anticipating a situation to happen. 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 ...
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Boeing Came Out With Earnings Last Week and The Potential Of Playing Calls On It This Week

Here are it's earning details.The company is still losing money but a lot less of it.
The stock did well last week on that news. Well actually not really. It sold off in price but they it took a couple of days to sort out the fact that losing less money than it previously did was actually a good thing. The Trumph thing with China has also put a scare on things until the narrative got sorted out that Boeing still has the rest of the world to keep selling their planes to. Here is it's five day chart. It moved up nicely on Thursday and Friday and ended up closing out up $16.05 on the week.
What do charts like this do after they crest upwards and go sideways for a day? They sometimes keep moving up. Here is Monday's closing prices on two series of Calls that expire this Friday. Both might benefit from a pop tomorrow.
The the 192.50 Calls look like an impossible dream. Some traders pride themselves in trading in these types of astronomically "out-of-the-money" positions. If they wiggle down a bit in the first fifteen minutes of trading I might consider jumping on board. I especially like the 192.50 Calls for an upward ride or the 192.50 Calls one week out on a dip. The markets closed today (a Monday) down a touch.
I would play this game on a Monday at the close but not on a Tuesday or a Wednesday. Short term "out-of-the-money" options which expire in four days quickly lose their shine by Wednesday or Thursday. Now the Tuesday opening markets.
Once again, purchasing "out-of-the-money" Calls can make you look foolish at times. Now this, a look at what has happened a few days later on Thursday. The same two option series again that now expire tomorrow. Good news came into the stock.
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Look at the volume of contracts traded in the 192.50 series of Calls and also look at how low they sank to on the previous day. In contrast the 185 series of Calls were something with far less risk. Will tomorrow's action be crazy? Check back to find out.

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