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Walmart "Last- Day-To Expiry- Puts " At 11:15 A.M. On A Friday Morning

It's a friday and these Call options expire today. Here are how it's one day Puts are trading. At 11:15 a.m. these puts are "in-the-money". Now it's one day and five day chart. .... Doesn't it look like it's one day chart is going to run out of steam? Now let's look at how the stock ended up trading on the day. It looks like the stock basically traded sideways for the rest of the day however it really didn't. It has it's ups and downs. The little red line shows the action in the Put prices on the day. Had you bought the Puts at $.44 per contract (or $44.00 dollars) at 11:15 a.m. you could have sold them out at 12:08 p.m. for $1.66 a contract, at 1:26 p.m. for $1.42 a contract or at 2:56 p.m. (four minutes before the 3:00 p.m. sellout deadline) for $1.35 a contract! What amazing gains compared to the five days of drama found in my previous blog about trading drone options with one week of trading life left in them. Interday price swings on ...
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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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