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Twenty Four Cent Boeing Calls On A Friday Morning With A Rally On The Day of Over 400 Points.

Boeing is one stock you can mess around with on Friday mornings. It can move like $5.00 in one day and it's last day to expiring Calls and Puts often pay off big time. Here I am this morning looking at it's five chart. I like the fact it opened stronger and then came off. Look at these two "out-of-the-money" series of Calls that expire today. It's a gamble that requires Boeing to go up. That's why them are priced so cheap. A lot can happen in the next five hours of trading. Look at how it was trading at a higher price on the previous day. Notice the 60 and 62 percent drops in value on these "out-of-the-money Calls" in the first eight minutes of trading. Now this. Boeing continues to stall out. Now let's jump forward to the 2:50 p.m. time period. The deadline to get out is 3:00 p.m. ... So what is the takeaway? A strong market helped the outcome. The $.24 cent options hit a high of $.79 and the $.55 options we first looked at jumped as high a...
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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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