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Is Boeing Going To Jump On The Opening Tomorrow And Will It Be Best To Buy In Shortly After The Market Opens And Dips?

The title is kind of complicated and tomorrow action may be mutted. Here is it's five day chart. Remember it had earnings come out mid-week. Some of tomorrow's Call and Put options will be one day options. I am more inclined to buy Calls near Friday's close hoping for a pop on Monday morning. So here now are two series of Boeing Calls going into Friday's action. There is still one linguering question hanging in the air. Was the earning's report really a bad one? Sometimes fresh eyes a few days after an earning's report can shed some new light on things. The small open interest in the 220 Calls is about two and one half times smaller than the interest in the 222.50 Calls. That's to be expected. Yet why is the interest in the Calls so low? Also included into this mix are a look at the 217.50 Puts. If the market's tomorrow open and go sideways for ten minutes then these one will cost less than they are trading at now. I would wait on these ones. Puts in t...
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Boeing Calls Again. The Day After It's Earnings Release.

Another name for this blog could be "Boeing On The Day After One Big Crash". If you recall Boeing had earnings come out yesterday and the stock jumped on the opening and then sank as the day progressed. Boeing is struugging itself back upwards after a couple of years of brutal earnings reports. Here now is its five day chart as of the close on Wednesday. It's earning report came out on Tuesday July 29th.
Now it's one day chart on July 30th which is also the last day of the five day chart shown above.
So one question to now rehash is how do we explain Boeing jumping up in price within seconds of the market opening after it earnings report came out? Look at the actual first few minutes of trading. Here is a chart below showing this action.
Boeing jumped up and then sold off quickly. In the late afternoon the stock took a grubbing. That's what the chart below shows.
Can you feel the panic in the air as the afternoon dragged on? Traders where happy to see the day come to an end. The overnight break allowed for change in sentiment and resulted with buyers jumping in on the opening with a bottom fishing mentality. The stock surged upwards five dollars, to a level still ten dollars below it's previous days high. Look at the chart below to see how the Calls jumped up at the start of the day.
My point is that Boeing came back to life on the morning after the day of the big fall. Sure it later cooled off (and the Puts kicked back to life). Smart traders getting in about ten minutes after the opening enjoyed a nice thirty minute ride. It was all in the charts. Boeing as of late haas created many playable option opportunities.

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