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Super Micro Trying To Play The Downside After A Strong Earnings Report.

When a stock jumps bigtime on the opening can you play it on the downside? Now two series of its Puts that expire in two days. Now this. The Puts are starting to go up. What do you do next? Cash out with a slight gain? Here is it's five day chart. Can you see how trading short term options have periods of time leave you riveted to your seat. Now another update. .. Might this be a good time to get out and take your money back? Probably. The longer a stock like this goes sideways the less value the Puts will have. To be continued. Getting out was the thing to do. Here is how Super Micro closed on the day. This next chart now has to be added to this story. It's Thursday morning. The stock keeps going up. What are it's Puts doing? Is it worth thinking about taking a position on the downside? They only cost $1.00. Is that reckess thinking? Are late Thursday morning markets the time to be fighting a strong stock? Have you ever thought about Thursday morning Puts being...
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One Day Call Options on Boeing Going into Friday

This is one of a series of blogs about short option playing. Past blogs have shown us that Boeing sometimes jumps if it has jumped only a few days before. Here is it's five day chart as of 3:30 p.m. on Thursday followed by it's one day chart.
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Now let us look at three series of Call options that expire tomorrow.
Now the higher "out-of-the-money" $237.50 series of Calls at 3:50 p.m.
Based on it's five day chart pattern it could jump on the opening. What's going to happen next? With Boeing it is sometimes know to drop on the opening on Fridays and then kick back upwards. Here is what happened. It did sell off on the opening and it did then charge back up.
Here is what happened to the 232.50 series of Calls. They hit a high of $420.00. around lunchtime after dropping to under $1.00 around 10:00 a.m. I mentioned that they could drop on the opening and rebound.
Boeing is a scary stock to play last day options on.

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