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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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Waiting For A Drop On The Opening On Bad News - Eli Lilly

Here is the bad news. The company is Eli Lilly.
How bad is this news? Well look at it trading in the premarkets.
So what do I think? I think the news is a setback of sorts, but not really all that bad. The stock is going to open lower, that's a given. It's like trying to play Boeing after an announcement that an airplane has crashed. So the stock is going to crash and it might have a small rebound and then it's going to slide down some more. A test of sorts will happen sometime in the afternoon. It might stock falling but then where will it go from there? The best case scenario is a recognition that investors got it all wrong and the stock ends up flat on the day. Yet there might be more of a downward dumping of the stock on the close followed by a selloff on tomorrows opening. Should option players be jumping in to play the upside on next week's Calls? That is the question. Here is a look at Boeing on the days after a crash.
Day two after the crash was equally as bad as day one after the crash. Here is a look at a Tesla sell off situation, this time on the day after Musk announced he was going to form a new political party.
My point is that rushing in to buy on bad news isn't a very good strategy. Let's watch and see how this Eli Lilly bad news story plays itself out. It's now 8:53 a.m. The first premarket printout was around 8:35 a.m. It's premarket price continues to go down. Down like another $6.00. Some traders are watching this looking for a reversal in this downward slide. At this point in time there could be one. That's another twist to this story.
Now a 2:00 p.m. update. The stock is now a heck of a lot lower than it was on the opening.
It's amazing how they can hold a stock so flat after a major decline. Now a different topic. Here is how the one-day, "at-money" Calls were trading at 9:57 a.m. this morning. It would take guts to be holding this series of Calls. Yet with the stock at this time now being down over $100.00 per share I can understand how they would be somewhat attractive.
Now at look at how they are trading at 2:41 p.m. They are down but not out. The volume in them might start to increase between now and the closing. That is something to watch.
Here is how the 650 series of Calls were trading at 3:56:00 p.m. with a modest more contracts being added in the last 1.75 hours.
Now this, the number of new contracts added in the last three minutes of trading -129- contracts with the price jumping up slightly. These options are almost $10.00 "out-of-the-money". The game continues.
A NEW QUESTION. Do you find all of this to be exhausting? It is from the point of view that there are hundreds of stocks trading out there concurrently, each with their own stories. FRIDAY MORNING. A look at the premarkets at 8:47 a.m.
That's going to do wonders to the 650 series of Calls on the opening. Well at least get them to jump up from the $4.00 range. To be continued in my next blog.

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