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Walmart - Trying To Outsmart The System

I don't know if it is going to work. Buying a Call and an offsetting Put on the same stock with the same striking price with two days of trading life left in them. The logic is to sell one of the two if it gets a double or more, (hang on as long as you can), and earn a free ride in an offsetting change of direction. Look at this five day chart and you might see how this train of thought developed. Now a look at one Call series and one Put series. These options both have two full days of trading life left in them. Here is it's five day chart which looks like it might break out. It really takes a share price move of over $2.00 quickly, to make this a fun experience. Options priced in the $1.00 range can suprise. It also could be a total bust. Let's follow this action and see how it all plays out.Thursday morning. Here is the early morning action. The Puts really performed. Can you sell out of both postions and take a profit. Hold that thought. Might it go lower? Here is ...
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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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