CAT Puts

First, Costco is down $44.79 over the last ten trading days. The company sells food and everyone needs to eat. The chart looks like it might now want to rebound. Down $44.79 It's crazy that it could sell off that much in such a relatively short period of time. What about other stocks in this price range like Netflix? Well the Netflix stock is priced at a higher level. It's at $1,257.00 and yesterday afternoon it was at $1,213.00. Yes, today it was up $31.30!. The point is high priced stocks can make big moves and that's what makes Call and Put options on stocks like this so potentially rewarding. Most people would never consider trading in Costco options. I get that. More on that later. Now back to Costco doing so poorly as of late. It's now Thursday morning before the markets are open and here is a look at it's "at-money" Calls and Puts. Notice the light volume of the "open interest'. The two numbers reported in this example are 480 and 358. Whe...

Here it is at around 2:45 p.m.. It's way down on the day. The indexes are down, well at least the DJIA>. It's a Wednesday about an hour away from the close. Not that many short term option players are going to want to hold onto these overnight. What are the volume in a higher up series, the 235 Calls like? Look at this series. The volume is huge. It looks like a lot of traders got caught buying into a downdraft and who typically would want to be out of before the end of the day. Lets check back in 16 minutes to see the volume traded. Nothing crazy has happened. All the while the open interest in the Puts is quiet mutted. We will have to revisit this situation tomorrow to figure out what the open interet numbers are carried into the following day. What we should now be looking at are the "just-in-the-money" Calls looking for a bounce. Now a late afternoon one day look. Things are calming down. We can chalk it all up to the midweek doldrums. Boeing did report...

First the markets at 3:58 p.m. Now look at these two stocks and their five day charts. Here one series of Xpeng's Calls at 3:57 p.m. These are massive drops in a very short period of time. Call options premiums on downward moving charts can get very bleak to look at because the "end-of-the-tunnel" is not in sight. E.V. sales are however, strong. The second stock is our perennial favorite, Tesla and two series or it's Calls, both "out-of-the-money" just before the close on Monday. Two things. The $7.14 reported fill in the fist fifteen minutes of trading on the 335 series of Calls was most likely was a premarket fill which would have being reported just after the opening bell. Remember it gave up most of it's premarket gains before the opening bell. Next. Are slightly "out-of-the-money" Calls good to look at with three trading sessions still to go? Well the fear factor on the second trading day of the week (Monday in this case was a holiday)...

Boeing on the opening. So did the DJIA. Now two series of Boeing calls on the opening. 1) 2) This doesn't happen like this very often. Now the DJIA at 10:45 a.m. Boeing was in a freefall in the first hour of trading and the 247.50 calls slipped down to $20.00 per contract. Shortly thereafter they were back up to.$2.61 per contract, more than a tenfold increase. Boeing did get a lot of new contracts last week. Boeing is a stock some option players buy into with one week options at 3:39:55 pm. on Friday afternoons. Now this, a near end of day update on Boeing. It has continued to hold it's gain. Here is it's one day chart as of 3:33 p.m. Now a look at the 237.50 Calls. It's path for the Calls for the remainer of the week is not as exciting as this morning's move.