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The Trade Of The Week

Boeing Calls suprised on Friday. The stock dipped at 10:00 a.m. So did the Boeing "at-the-money" Calls at that exact time. I often talk about Boeing options, most usually in the context of purchasing one week out Call options on Boeing at 3:59:56 p.m. or 3:59:57 p.m. on Fridays "at market" looking for jump upwards on monday mornings. I also note that 10:00 a.m. as well as 12:00 a.m. are commonly periods of time in the trading sessions where reversals in stock prices can take place. This phenomena is not an illusion. In this instance, there was an opportunity to pay $20.00 per contract for one day Call options on Boeing that were expiring that day which ended up closing the day at $990.00 Your timing in doing this had to be spot on. In all fairness it is not everyday that Boeing jumps up almost 5% in one trading session. Call options on Boeing at that time which where "out-of-the-money" had even more extreme upward moves. I don't want to bore you howe...
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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.
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There is news about something happening which will positive for brokeage companies. Here it is.
Robinhood was down in the pre-markets but up on the day. The "Genius" 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 looking at the Puts on the opening of trading looking for a short term reversal. I wouldn't be looking at the 65 "in-the-money" Puts but rather the 64 series of Puts. But wait, Tuesday is my least favorite day of the week to be looking at options that expire in four days on Fridays. Wednesdays are better days which often come with mid week market resets. 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 last Thursday. This stock is as good as any if we are looking for a slight reversal. Let's see if this one loses some of it's steam. Tuesday morning. It's the 64 series of Puts which are of interest. Eight minutes into the market and things are down a touch.
Look at Robinhood. It has not changed in price from the previous day!
So now what? Here is how the 64 series of Puts are trading at 9:40 a.m. on a fair number of contracts. The stocks is up 3 cents on the day.
These pricings are now less expensive. Would this now be a good time to jump in? Moving forwrd again. It's 10:10 a.m. Not much has changed. Can you see how day trading can be exhausting?
Trouble at 10:45 a.m.
Now 11:10 a.m.
The volume keeps pouring into these Puts with most traders wanting to be out by the end of the day. Now a 2:13 p.m. update. Things are quiet and looking for direction.
Now this.
One final chart on how Robinhood closed the day. Now Wednesday.

This ride is not fun because many traders are now trained lol to  buy on the dips. If there is profit to be made on a Thursday morning just take it. There are always more opportunities to come. Friday. This entire blog has being  tough slug. Bitcoin made a strong move upwards which is something I didn't  see coming.
Now a Friday 12:45p.m. look at the 64 series of Puts. Is there still hope?

The stock is down $1.32 on the day.

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