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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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Eli Lilly. A Continuation Of My Thursday Eli Lilly Blog

Yesterday's blog on Eli Lilly's massive one day price drop was exhausting to write and probably exhausting to read. Drops like this can be dangerous to play. I did my best to try to explain how I would play it. It's time to move on. It's now Friday after the close. Here is what Eli Lilly's one week chart looks like. The stock dropped again on Friday.
I ended that blog with a look at the Call option buying activity in the last three minutes of the day's trading. Speculators where getting in on the "one-day-to-expiring" Call options with a vengeance. Here is some of the evidence I presented. Eli Lilly closed the day at $640.70 and option players were jumping in to pay $405.00 to own the next day's, "one-day" Call options $10.00 "out-of-the-money". (The 650 series of Calls). What a gamble yet to me that made sense knowing how much the stock was down on the day, something like $100.00. Thursday's open interest at the close in that series of Calls was 1,168 contracts up from a total of 5 open contracts on the close of the previous day. Trader's saw this as an opportunity to make quick money. Now I would like to report that the next paragraph to are about to read and the next chart is something I lifted from my previous blog on this activity.
So what happened? Pay attention to this. Here is the action in the first 3:53 minutes of Friday morning trading. The Calls we were monitering at the close that were trading for $4.25 are now trading at $4.30.
* Monday morning's trding action with fresh eyes. the stock is up $10.00
What else is there to see? Do you see the high of $8.90 which is more than a double? Look at how quickly it happened and how quickly this price surge disappeared! Here is how Eli Lilly closed on the day and how the 650 Calls closed.
Next weeks action in the 625 series of Calls will be the next thing to look at. Here they are now. Only modest volume is pouring into them.
The game never ends. My little blog about Boeing jumping on Friday morning a couple of dollars looks silly compared to how complicated this option trading action is. ****** In a November 18th, 2024 blog I referenced how Eli Lilly reacted to Trumps announcement that he was nominating Robert F Kennedy Jr. to lead the U.S. Department of Health and Human Services. It sold off. History tells us that Eli Lilly is a slow stock to rebound after bad news. Yet I am still not convinced that this weeks news was all that bad. ****** Monday morning August 11th. The stock jumps on the opening.
Now at look at the 630 Calls. Players are now looking at this situation with fresh eyes.
That was an easy one to catch. Trader's had the weekend to re-examine the damage done.

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