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Walmart "Last- Day-To Expiry- Puts " At 11:15 A.M. On A Friday Morning

Here are how it's one day Puts are trading. Now it's one day and five day chart. .... Does it look like it's one day chart is going to run out of steam? Now let's look at how the stock ended up trading on the day. It looks like the stock basically traded sideways for the rest of the day however it really didn't. The little red line shows the action in the Put prices. Had you bought the Puts at $.44 at 11:15 a.m. you could have sold them out at 12:08 p.m. for $1.66 a contract, at 1:26 p.m. for $1.42 a contract or at 2:56 p.m. (four minutes before the 3:00 p.m. sellout deadline) for $1.35 a contract. What amazing gains compared to the five days of drama found in my previous blog about trading drone options with one week of trading life left in them. Interday price swings on last day to expiring options. Sometimes they can put a smile on your face.
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A Look at Four Different Call Options On Big Name Stocks Going Into A Mid Week Trading Session- Part One

I don't like overnight Call options on one week options going into a Wednesday mornings. The time value built into option premiums is to much. Let's follow these four one-day situations. 1)
2)
3)
......
4)
Let's check in tomorrow to see what option trading patterns we observe. 1)
2)
3)
4)
So up 18%, 6%, 9% and down 57%. So my point is that there are no real gains to be had from holding overnight positions on Tuesday, on short term "one-week" Call options. Yes the D.J.I.A was down on the day and yes the sample size was very small. It's just that my feeling is that Tuesday night overnight Call positions just don't excite. Option trading is the study of enterance and exit points. Now here are the readings on Thursday close. 1)
2)
3)
4)
So down 54%, up 66%, up 89% and down 45%. Yes the D.J.I.A was down a small amount today. So what does this tell us? The action of holding short term Call options purchased on a Wednesday going into Thursday is greater than the action of purchasing Calls on Tuesday going into a Wednesday. We will check back in after the close on Friday for the final readings and a conclusion.

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