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Boeing Puts At 10:24 A.M.

Here they are. What I want to show you is the open interest at 10:29 a.m. and the open interest as 10:31 a.m. I have talked about this before, computer generated traded kicking in at 30 minute intervals. Now this. Nothing happened. In option trading there is always a bias to the upside. What this tells me is that fot the next ten minutes of so I don't see Boeing surging upwards. Here is it's morning chart at 10:43.a.m., thirteen minutes later. Now the Puts. Now the Put action at 11:20 a.m. with the D.J.I.A up 460 points. One option at this point in time is to give up and sell out and get your money back. Most traders don't think that "one-week-options" offer this versatility. They do. Getting back your money playing Puts on a morning the D.J.I.A is up 460 points is a win in itself. Or you can be more adventurous and stay in. To be continued.
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Is Boeing Going To Jump On The Opening Tomorrow And Will It Be Best To Buy In After The Market Opens And Dips?

The title is somewhat complicated. Here is Boeing's five day chart. It looks kind of ugly.
Remember it had earnings come out mid-week. Now we are in the situation where one series of tomorrow's Calls and one series of tomorrows Put options will be one day options. I am more inclined to wait and consider purchasing it's "next-week-out" Call options near Friday's close hoping for a rebound on Monday morning after this weeks dust has settled. In any event here now are two series of Boeing Calls going into Friday .
Notice that there is next to no volume in the slightly "out-of-the-money" Calls. Boeing's chart once again scares trader's away. One linguering question remains. Was it's 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 it's Calls, in general, so low? One reason is that the trading action is more focused on stocks with good earning reports. Also included into this mix is a look at the 217.50 Puts. If the market's tomorrow open and go sideways or down two dollars these Puts in the $.37 cent range with one day to go might suprise.
Let's see what happens next. Now this at 10:06 a.m. The Puts did suprise.
Now this at 10:14 a.m.
Look at the volume going into next weeks Boeing Call options.
Options traders find security in thinking ahead about better days. Now a late lunch time update. The Puts are now toast.
Boeing is rebounding.
The 220 Calls we looked at back at 10:13 a.m. are rebounding and actually hit a high of $5.10.
Going into the Monday morning trading with next weeks 220 Calls is a good space to be in.

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