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Exxon Has Just Had Like Four Days Of Going Up.

Exxon just broke it's previous three month high. Now it's five day chart. The 117 Calls have doubled or tripled in the last two days. Now it's chart as of 10:42 a.m. this morning. Today is Wednesday. The markets are closing today at 1:00 pm., then closed tomorrow for Christmas and then open again for a full trading day on Friday. Now this. A look first the Calls which are $.30 cents "out-of-the-money" and expire on Friday. Now the Puts which are already like $.30 "in-the-money". Expectations are that the stock is going to go up and that there is still a full day of trading on Friday. Here is what the markets and what the price of oil are doing. Can you see how traders have a preference for the Call options and are hoping Exxon continues it's natural progression upwards. They are prepared to pay somewhat of a premium to be positioned in this situation. I don't know what the outcome is going to be. Nobody does. As a reader can you see the co...
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Boeing Jumps on A Friday Morning On Good News.

$2.25 for a Call option already $1.28 in the money with only 541 open positions.That's where things are at going into Friday morning's trading action. Now this premarket news.
Now this.
Now this at 11:00 a.m.
What are the odds of this happening? Well it's a company with a million moving parts and it's a company that can suprise. In a way I was happy to see the "open interest" numbers being so low going into the morning's action. Insider's don't appear to be tipped off on this good news. Ps. Here is how it ended up closing the day. It jumped on the opening and stood it's ground.
Could you have made any money buying Calls just as the markets were opening? Not really as here is how it traded on the day. You could have made money however if you bought in on the first early morning dip and then gotten out about twenty-five minutes later. That's a strategy sometimes employed when trying to play "last-day-expiring" options. The playbook for playing last day options isn't that exhaustive. Playing the "early morning reversals" usually ranks near the top near the top of this playbook list.
Sometimes also Boeing pops on Monday mornings.

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