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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. ..... ............ 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. 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. 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 ...
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Waste Management. A Boring Stock To Play Options On.

There is money in garbage. Trucks and trailers and landfill sites and garbage hauled hundreds of miles away like clockwork. Money, money, money. This stock is always going to go up. Buy it, hold it and if it drops just hang on to it and watch it come back up again. Yes there are options on it, options that trade in one month intervals. This month's options series expire tomorrow July 18th. Here is a look at how they traded today.
Only two contracts traded on it today and there are only 200 contracts in total outstanding. One of the things that means is that you are at the mercy of the option makers when it comes time to buy or sell. When buying you might be forced to pay closer to the ask than the bid and when selling you may be forced to pay closer to the bid than the ask.There are no 215 Calls on it, only the 210 series and 220 series. Yes there are both Calls and Puts. Now a look at it's three month chart.
If it's such a great company, why is it now down in price? Where will this stock be trading at three months down the road? Now this, a look at what one series of it's Calls are now trading at. These are Call options that expire on August 15th. Only two contracts traded on it and only 200 contracts remain outstanding.
These Call options are already $5.58 cents "in-the-money". What about these ones now three months out?
Just to break even the stock would have to go up to $232.50 on the day these options expire. It could very easily do that. Last week however it traded down $1.16 on the week. Sometimes these options can be very slow to move. It's not like playing options on stocks like Tesla or Boeing. Now this.
If their earnings report is going to be good you might see the stock now start to nudge up in the next two weeks. Some people closer to the action might be better aware of what could happen. July 31st is not that far away. For that reason alone these options might be something to consider. A strong earnings report would do wonders for this stock. Do I like Waste Management options as a trading vehicle? One thing I know is that holding one or two of these contracts that expires three months out could very easily give you a return of 15% or 25% in a three or four week period of time. Would you be satisfied with such a modest gain? Look at it's chart. Anyone buying in around the middle of May did very well if they held on to them until the 1st of June. That's the way it sometimes trades. The bottom line is that knowing about Waste Management options is kind of a distraction. They will always be there. Start to follow them if you wish. I will check back in on these October Calls in a few weeks time.

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