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Looking for Unusual Experiences. "BigBear".

There is a little stock that has recently started to gain an inordinate amount of attention. It trades millions of shares per day and I recently started blogging about it. It's price changes on a daily basis can be dramatic. Here once again are it's details. Now it's thirty day and five day chart. Option players playing one week options on this stock are getting wild rides. Look at this, today's one day chart. Now look at today's Puts. It's one day, six series of Puts on it traded at a low of $.03 cents in the morning and then shot up in the afternoon. $.35 cents was the high. Is there any point in taking this stock seriously and tracking how it's options are trading? Usually I would say not really however when I see millions of shares trading everyday I know that millions of Americans who can trade commission free can glue themselves to their computer screens and play like these these options all day long enjoying these two and three and ten cent price...
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Boeing Calls Monday and Tuesday

Why am I hung up on writing about options on Boeing? Here is why. Here is how the markets are trading today (a Monday) minutes before the closng bell.
It's a strong upwards trading day after a 600 point drop on Friday. Now it's "one-day" trading chart.
Now here is how the Call options traded / closed on the day.
This chart in red ink shows a rebound that lasted the entire afternoon. That's the type of rebounds to look for, rebounds that are not complicated. Did Tesla sell off around 11:30 a.m.? Yes.
Many other stocks opened strong and stayed strong as the DJIA shot up 585.00 points on the day with a super strong closing. Playing Boeing options is both an exercise in trading Boeing and an exercise of trading the strenght in the overall markets. .......................................................................................................................................................................................................................................................................................... Now for part two of this blog. A look the next day, Tuesday's action. This time the DJIA was down slightly on the day.
Now here is it's one day trading chart.
Now here is how the Call options traded/ closed on the day. Interday the 220 series of Calls almost doubled in price again! This time the volume of trading in the Calls was down about 40% from the previous day as the strenght in the DJIA was somewhat mutted.
Now the trading action in the Calls during the day. It looks the same. Line this chart up with the chart on the previous day!
Let's dissect this time period into even a shorter period of time.
My point is that watching the markets is in part an exercise of looking for chart formations that you feel comfortable trading. With day trading one day charts in conjunction with five day charts is everything. That plus getting a handle on news releases. Now look at Boeing's five day chart.
What's going to happen tomorrow? I never feel comfortable going back to the well for a third time.

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