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Part Two Of What McDonald's Is Doing?

Nobody knows whats going to happen tomorrow. Let's jump forward. $1.64 or $164.00 dollars plus commissions will buy you one "310" series of Puts. In the first twelve minutes of trading only one contract traded. That just shows you how dangerous these option contracts can be. We are not talking about a one day move at this point in time. For option traders holding positions like this which were bought for quick flips an hour of watching the stock becomes a guessing game. Here it is now about seven minutes later. Note this, the pain continues? What's the DJIA doing? This becomes the path you are now on and it's to early to think about it becoming a dead end. If you still like the situation then yes you should buy more if you can afford to lose. Perhaps you made a big score on Disney Calls on the previous day. I have talked about that. Now this at 11:09 a.m. Still the same number of contracts traded. Hold these thoughts. Look at how the 310 Puts and the D.J...
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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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