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Nvidia Options On A Monday Morning.

Itching to find something to do in the markets on a Monday morning? What about Nvidia options that expire at 3:00 p.m. You are gauranteed that the liquitity found in these options will be great. The markets are opening somewhat sideways with some strenght in the Nasdaq as shown as of 10:20 a.m.. The real action happened in the first few minutes of trading which is commonly the case. Look at this early morning readout just ten minutes into the trading. ... What do we see happening? Focus on it's chart. Nvidea closed at 215.62 and opened at $215.70. Then it moved up slightly like it did on it's previous Thursday's opening and to a lessor degree on it's Friday opening.( This is a five day chart chart as of 10:45 a.m.). In the very first two minutes of trading the Puts slipped down to $.70 cents. It was a case of buying in on the slight upward spike in the first minute of trading. "Slight" but still enough to cause "Option makers" at that time point i...
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Costco And Dangerous Fruit . It Was Like Robbing A Bank

Let's zoom in on a dangerous Friday afternoon option trading situation. Do you want to try and rob a bank? Look at this chart.
It's zig-zagging and it's Costco is down $2.02 a 1:42 p.m. on a Friday afternoon. It's one week options on it that expire at 4.00 p.m. actually expire at 3.00 p.m. for retail traders. Might it jump a couple of dollars or more in the next 78 minutes? That's the bet to rob the bank. I like it. Past blogs have talking about Costco moving $25.00 and $35.00 dollars in one day. If your ahead of the game from trading all week you can afford to explore this situation. Here now at 1:40 p.m. are it's three series of "out-of-the-money series of Calls".
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So what ended up happening? Costco reained the 42.00 it lost and shot up another $4.00. I will now only show you one of these series of Calls and how they were trading at 3:00 p.m. which was the get out deadline. They went from forty-four dollars a contract to four hundred and thirty five dollars a contract!
Here is it's closing one day chart. You can see it jumping up at the end of the day. It's Costco.
What an amazing opportunity. ** a special note. Friday afternoon option trading most usually just holds flat. The action I am describing is somewhat abnormal. * A quick part two for the more advanced readers. A comment on the 3:00 p.m. deadline the trading houses impose to get out by 3:00 p.m.. You don't really have to. If you don't sell out by that time they will eventually just sell you out "at-market". Sometimes they will call first or at least try to call you. You don't really have pick up. Sometimes if I am caught in this situation and want to hang on a little bit longer I will submit just prior to this 3:00 p.m. deadline a sell ticket order slightly above the options current selling price. That way they know I am tracking the action and they might cut me some slack. In this instance Costco continued to rise. This next readout shows you that the 965 Series of Calls did actually reach a high of $501.00 on the day.
Cheers.

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