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One Day Boeing Puts On A Friday

I realize that this type of a blog has a limited appeal. A blog about watching option positions move on a minute to minute basis. Now let's learn how it went for Boeing Puts today. It's 9:56 a.m. Now it's five day chart. This is where it will get interesting. Notice it has a rebound off a soft opening? Traders who used the 212.50 series of Calls on Boeing's soft opening were already well rewarded. Only 121 contracts traded during that period of time Here is what the indexes are doing. So that's it. You could wager $100.00 U.S. plus commisions for one Put contract (the 215 seriess of Puts that expire in the afternoon), or multiples thereof and walk away for an hour or two. It's a bet on your abilities to recognize chart formations. Now this. If you bought in and a small gain materializes in a matter of minutes do you take it? Sorry. It's now 10:46 a.m. There is no gain. That opportunity never presented itself. In fact these $1.00 Puts we were once excited...
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What Do You Do When You See Charts Like This?

First Tesla.
Caterpillar.
Look at how the markets closed today, a Friday. The D.J.I.A. was up 867 points. Thanks Mr. Powell.
By Monday there will be a new interpretation of everything Powell said. Look at how few Put contracts there are on these two stocks. Is there any logic to the markets? Yes. Look at how both Walmart and Costco sold off today on such a strong day. Everything Trump is doing is still a worry, especially to shareholders in these two companies.
Let's watch these two series of Puts on Monday. What an ending to the week!

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