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Costco Options With Two Days To Go. Something To Consider , As Strange As It Might Sound

First, Costco is down $44.79 over the last ten trading days. The company sells food and everyone needs to eat. The chart looks like it might now want to rebound. Down $44.79, it's crazy that it could sell off that much in such a relatively short period of time. What about other stocks in this price range like Netflix? Well the Netflix stock is priced at even a higher level. It's at $1,257.00 today and yesterday afternoon it was at $1,213.00. Yes, today it was up $31.30!. My point is high priced stocks can make big moves and that's what makes Call and Put options on stocks like this so potentially rewarding. Most people would never consider trading in Costco options. I get that. More on that later. Now back to Costco doing so poorly as of late. It's now Thursday morning before the markets are open and here is a look at it's "at-money" Calls and Puts. Notice the light volume of the "open interest'. The two numbers reported here are 480 and 358. Whe...
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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.
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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. The Calls we are showing above are "next-week" Call options. 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. That's entirely the reason for writing this blog . The releif of the weekend offers a fresh start. 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 be to place an order in the Monday morning premarkets to purchase one or two of these Calls somewhat below where they closed on Friday. Once again, not an "at-the-market-ticket" but a "you-pick-a-price" ticket lower than it closed at on Friday in hoping to catch some premarket,'start-of-the-trading-day" jitters. But then again, what do I know? ** I have showed you the 2:13 p.m. and 2:29 p.m. numbers. Here now is the 4:00 p.m. closing chart and a repricing of these two series of call options. Nothing has really changed except there was a slight dip in these Call prices after the 2:29 p.m. time period as the stock looked like it wanted to break down but then rebounded.
If your now in these Calls just relax and hope that nothing to crazy happens to Boeing over the weekend. Boeing was up $2.50 on the week. *** See my blog "Boeing - A One Day Chart. Sept 17/2024" **Monday morning. Yes there was market jitters. Boeing is down a touch six minutes into the trading action.
Yes these Calls did hit $2.90 however that would be a premarket trade when the bid and ask were a touch higher. Here is it's 8:13 a.m. premarket bid.
Nineteen minutes into the trading these Calls hit $3.20
Now this.
A high of $3.54 in the first 30 minutes of trading. Making this trade would be a good way to start off the week. *** Here now is how these options closed the day. Boeing jumped exactly as hoped.
It jumped and still remained range bound.It started to give up it's gain in the afternoon. The Calls did hit a high on the day of $4.20.
Given this current chart formation there is now no real reason to want to continue to watch this stock. Once again Boeing Calls on a Monday morning can be a good thing.

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