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A Whimsical Look At Planning For Boeing to Go Up On The Opening Next Week

Here we are at 2:16 p.m. and 2:28 p.m. on Friday July 18th. ..... ............ It's five day chart was somewhat range bound. In the last five day's it's had three spikes upwards. It seems to be positioned to spike up again. Now a quick paragraph on how the weekends serve as market reset points. Time for the beach or time to go hiking. Option traders need time out and time to refocus. Mondays and Tuesdays are days chasing hunches, Wednesdays are days to make epic day trades, Thursdays are days to be on pins and needles and facing the dread of picking "one-day" overnight option positions to be in on the close. Friday's between 9:30 and 9:45 a.m. are wild times to look for market reversals if that's what you like doing. Yes weekends are for times to unwind. Part of this time priod will inevitably involves leisurely looks at stock charts. This chart, to me screams that it wants to go up. Others may think the same way. One way to now try and play it would ...
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Boeing. An Interesting Chart Formation To Start The Week

 For lack of better words it look perky. The stock has had a nice run as of late with good news on a number of operating fronts. In the past I have written about buying calls on Boeing for morning pops on Monday mornings. He is it's five day chart.

Now here is how this weeks series of $207.50 Calls for this week closed on Friday. This series of Calls is very close in price to where the stock closed at on Friday. It will be the series of Calls which will benefit the most if the stock decides to move up in price. They closed at $2.95 per contract. That means one contract will cost you $295.00 U.S. plus a $10.00 commission give or take a dollar or two depending on who you trade with. Last week Boeing was up $4.96.  
In the pre-markets this morning the stock is up nicely  trading at bid $210.39 ask $210.50
Now at 9:35 .a.m. readout, which is five minute into the opening markets. 
The same 207.50 Call options are now trading at $5.10. So last week Boeing was up $4.96 on the entire week and now it's up $3.47 in only five minutes.  Get out, say thank you and go do something else. Here is what happens if you sit around for another forty two  minutes. 

It's now trading at $4.20.  It lost some steam. My thoughts in situations like this are just take your money and run. Now here is how it closed the day.
It's five day chart now looks different.

It could now see some resistance on the opening.
** I just updated  my May 28th  blog on "Unusual Machines". It popped a bit. **

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