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.