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Boeing Got Messed Up In It's Earning Report.

Boeing released quarterly earnings today. The stock got smoked. Now it's three month and one month charts. What was the bad news today? Could this be one of those bad news is actually good news situations? Afterall, Boeing keeps on pumping out more airplanes. The problem is they keep losing big money. That's a big problem. All I know is here is how this one series of Friday Call options are trading at the close of Wednesday's session. To me they are far to expensive. It might take some time to shake off this bad news syndrome. Now this on Thursday morning. Remember the 212.50 Calls we were looking at? They got smoked. Now with one day to go these options have popped up on the radar screen. The 205 Calls when Boeing is at $206.61. Charts like this usually end up going sideways or slightly down for the rest of the day. Here they are again 31 minutes later later. At this point in time charts like this do turn around. Might this be an opportunity to consider? Conside...
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Ford Puts

The stock has had a nice five day move.  Up until today that is.

Short term options on stocks in the ten dollar range need to be purchased in multiples of ten or more because commissions are crazy expensive on options in this price range. At least they are in Canada.. Here is a look at the price of Puts yesterday on a series of Puts that will expire tomorrow.
Bid $.04 or $4.00 per contract and ask $.05 or $5.00 per contract. They actually traded down to a low of $.02 on the day. Now here is a look at them today, which is a Thursday.
Was there a catastrophe drop in the markets to make this  happen?  Not really.
Trading options on ten dollar stocks with two days to go is full of surprises. I have talked about Ford options before. I will provide an update to this blog after the markets close tomorrow which is when these Puts expire.  Ford options have good liquidity and tight spreads. They often change materially in price in a one hour period of time .I also note that Ford and Stellantis are now trading for about the same price. G.M. did a major recent buy back program and is trading at a higher price this year than last year.  The trading patterns of all three of these companies get constantly bantered around with all of these tariff  talks happenings. Now here is what happened on Friday.  First the markets were down.
Now this. Friday's trading chart and a look at how the 10.5 series of Puts closed the week.

Look at the swings in it's price. Look at Ford's one day (Friday) trading pattern. Back at noon when the price of the stock was over $10.50 the holders on these Puts might have being biting their nails. 

If your new to this game don't try trading them on Fridays.

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