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Boeing Got Messed Up In It's Earning Report.

Boeing released quarterly earnings today. The stock got smoked. Now it's three month and one month charts. What was the bad news today? Could this be one of those bad news is actually good news situations? Afterall, Boeing keeps on pumping out more airplanes. The problem is they keep losing big money. That's a big problem. All I know is here is how this one series of Friday Call options are trading at the close of Wednesday's session. To me they are far to expensive. It might take some time to shake off this bad news syndrome. Now this on Thursday morning. Remember the 212.50 Calls we were looking at? They got smoked. Now with one day to go these options have popped up on the radar screen. The 205 Calls when Boeing is at $206.61. Charts like this usually end up going sideways or slightly down for the rest of the day. Here they are again 31 minutes later later. At this point in time charts like this do turn around. Might this be an opportunity to consider? Conside...
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Boeing A Guessing Game. Boeing Tomorrow . How Good Are Your Instincts?

When you see this chart you will understand what this game is. Guess which way Boeing is going to trade tomorrow. It's not as simple as you might think.
Here are it's Calls on the closing today which will be expiring tomorrow.
Notice the open position number, 226 Calls. It's really nothing. The chart looks ugly. Now look the Puts.
The open interest number is much greater. What's that all about. Is it the anticipation of a weak opening? Now this, one possible reason why it dropped today. There was news of the new 777X jet falling behind schedule. Does that influence your decision? It's a tough call. Might one strategy be to buy in a minute or two after the opening and trade in the opposite direction of which way the stock is moving? That's what some option players would be instinctively doing. Some Telsa Call option players would have done well on the day today using that strategy. It's going to be super interesting watching the way this event unfolds tomorrow. To me it's a battle not worth fighting. The cost of entry and the risk is to high. Let's see what happens. Friday morning.
So a ten dollar drop in two days on a stock in the $225.00 per share range. Now with Friday options the deadline to get out is 3:00 p.m. on the last day of expiring options. Here is a look at these Puts minutes are doing slightly after this 3:00 p.m. "selling-out deadline".
Bad news reports shouldn't be triivalized but are difficult to quantify. Option traders, take note of this experience. I am not sure where the "instinct" part of the equasion fits in. A report like this on a Monday or Tuesday might not have the same effect as it had on a Thursday. Instincts tell me that.

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