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One Day Boeing Puts On A Friday

I realize that this type of a blog has a limited appeal. A blog in part about watching option pricings on one particular series of Puts, the 215 series of Puts move on a minute-to-minute basis on a Friday before they expire. Here I am looking at Boeing Puts at 9:56 a.m. The stock has just gone up and the series of Puts shown above have gotten crushed. Now a look at it's five day chart. This is where it will get interesting. Notice the stock has already had a rebound off a sharp morning dip. Traders who used the 212.50 series of Calls on Boeing's soft opening were already well rewarded. Only 121 contracts have traded during this period of time. Here is what the indexes are doing. So that's it. You could wager $100.00 U.S. plus commisions for one Put contract (the 215 seriess of Puts that expire in the afternoon), or multiples thereof and walk away for the next four hours or so in the hopes the stock will have a bad day. In part it's a bet on your abilities to recogni...
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Looking Beyond A Day The Market Drops 483 Points In One Day. I Pick Boeing

Forget everything you know about Boeing. (It's most recent crash now points to a pilot error). The DJIA crashed on a Tuesday. It was down 432 points. Boeing was off fifty-one cents on the day. That's only a small amount. This companies chart pattern looks like it wants to go up.
It spiked upwards Monday morning and rewarded those option traders brave enough to hold it over the weekend. It closed higher on that day. Then on Tuesday, once again it lost fifty-one
cents. It is my opinion that Tuesdays going into Wednesdays are interesting times to hold short term Call options overnight and Thursdays going into Fridays are the worst days to do this. It's also a market where traders are accustom to buying on the dips. There are no gaurantees that this stock will go up on the opening however it is a strong stock as of late and the markets might reverse upwards on the opening. Let's wait to see if I am right. An 8:20 a.m. premarket look the following morning.
The share price increase we now see is enough to move the Call options we are watching up about 25%. Yes you could submit a sell ticket into the "premarkets" where you pick the price you would be willing to sell it at. Why is it that you would be picking the price? Well there are no posted bids and asks in premarket trading. Now here are other stocks I commonly watch.Tesla is the obvious stock to benefit from this sell off situation.
Now the opening markets.
At 9:31:08 a.m. the stock had the pop I expected. This is the case of buying on the rebounds. The Tesla and Eli Lilly options where both somewhat lacklustre. Higher priced stocks need greater moves to move the needles on their option pricings.
Now Joby. Lower prices stocks have options on them which can sometimes surprise.
It's now a Wednesday. It's mid week. Anything can now happen. Just take you money and run. *** Now this. By 10:10 a.m. most of this Boeing gain is gone!
At 11.44 a.m. it is really-really all gone!
Here is how Boeing closed the day.
** Tesla was also a star of the day.

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