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Exxon On A Thursday Morning With Only Ten Contracts Traded.

Why only ten contracts traded? Sure there are other platforms to trade oil contracts and Exxon's listed options are only one way to do it. Yet think about this. Exxon employs about 61,000 people world wide. Some are accountants watching their books. Why is their so little interest in taking positions on their companies Call and Put options? Why are there not more contracts traded on Exxon options that expire tomorrow? To me it's all so strange. Here is Exxon's five day chart. Now this, a look at some of the action as of 10:00 a.m. The 112 series of options have doubled and thw 113 series (depending at what time you got in) are have gone up even more. This is the kind of activity I look for on Thursday mornings. *** Exxon ended up closing down on the day. Here is how the 112 series of Calls closed. Look at how few contracts traded. Look at the high of $2.00. Exxon can be a good stock to play options on with only a few days to go. Last week's blog showed the same thi...
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Costco Can Move .

 Costco doesn't always follow which way the markets moves. Look at these Costco Calls this morning which is a Wednesday. First the Calls.

Only six contract traded in the first six minutes, some as low as $5.30 with a current bid and ask of $6.65-$8.95.  $8.00 dollars would probably get you in now . Now it's Puts.

Last at $5.20 but $4.80 would probably get you in. Here is it's five day chart.  Two days ago it was trading for $25.00 dollars a share less. Now a recap of the end of the day's readings. The DJIA was only down 106 points and look at what happened to the Puts.



Now it's five day chart.
Here is my point. In recent blogs I have talked about massive one day moves on a multitude of stocks. That's simply the way that the markets have worked as of late. Look at Tesla's recent chart as an example. 
When you see a stock in the $1,000 per share range, especially one that is up on the opening on a Wednesday (which is the day of the week the markets can shift direction as I often mention) it's time to think about playing it down.
   You might think to yourself that it's easy to blogs about things after they happen. Read back some of my past blogs. Many are about Wednesday reversals. Wednesdays and Fridays are rocket missile days for short term option players.

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