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Walmart "Last- Day-To Expiry- Puts " At 11:15 A.M. On A Friday Morning

It's a friday and these Call options expire today. Here are how it's one day Puts are trading. At 11:15 a.m. these puts are "in-the-money". Now it's one day and five day chart. .... Doesn't it look like it's one day chart is going to run out of steam? Now let's look at how the stock ended up trading on the day. It looks like the stock basically traded sideways for the rest of the day however it really didn't. It has it's ups and downs. The little red line shows the action in the Put prices on the day. Had you bought the Puts at $.44 per contract (or $44.00 dollars) at 11:15 a.m. you could have sold them out at 12:08 p.m. for $1.66 a contract, at 1:26 p.m. for $1.42 a contract or at 2:56 p.m. (four minutes before the 3:00 p.m. sellout deadline) for $1.35 a contract! What amazing gains compared to the five days of drama found in my previous blog about trading drone options with one week of trading life left in them. Interday price swings on ...
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Boeing Has Gotten Expensive Lately

 It might start making money again. Here is it's five day cart.

On Monday May 22th  the markets jumped up over 800 points and Boeing was down. Monday was May 27th.  Here is Thursdays chart.
If you look at the chart you can see some traders got in on the opening on Call options near the previous day's closing price. Then these Calls jumped up explosively on the day.
Why it happened. Well their CEO made a speech. He stated that the company is making a come back. Why the stock didn't open a few dollars higher the following morning rather that having a limp opening is something I don't know.

Is it to late to play it for a continued rebound tomorrow, a Friday? Here is how the $202.50 Calls closed the day which is a Thursday. The "open interest" number is fairly high.
Now the $207.50 Calls which are just a touch "out-of-the-money" Calls.
It was good news that caused this stock to go up. If the market opens stronger these "one-day-out" options could open stronger. Here also is a look at the slightly just "out-of-the-money" Puts. The Puts lost 80% of their value on the day as the stock was up $6.68 on the day.
What's my take on things? If Boeing was up only a dollar or two on Thursday these one day Calls would be interesting. Given it's $6.68 price  increase on the day it would seem a stretch to have the stock jump even higher the following morning. I wouldn't be betting on it going up on the day, nor betting on the Call going down. With Thursday's unusual action it is now to difficult to call. Here now is it's five and  thirty day charts. I would just stay away.

Let's see what Friday's action brings. here is how these options closed the week.

The last chart shows how the Calls traded on the day. Yes the Calls and Puts are  tradable  intraday however that's another story which calls for some devotion.
 

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