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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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Hanging Onto Call Options Overnight On A Wednesday On Options That Expire In Two Days.

In my last blog I said don't do that. The Calls on Tesla that we first started to talk about on Monday afternoon went sideways to down on Tuesday and the doubled on Wednesday. I said take your profits. Just be happy and get out. Was I wrong in my call? Well yes and no. Look at how Tesla traded on Thursday morning.
. It closed on Wednesday at $349.57, opened Thursday at $350.22 and dropped to $348.52 before taking off upwards. So Tesla stuttered on the opening. Anyone buying a Thursday morning Call just after the opening (that expires the next day on Friday) would have made a lot of money. (Don't trade on my advise). I just want to wake my readers up to the concept of "One week Options".
Now look at it's ten year chart.
Will it break new highs shortly? Now Friday. Look at how the 335 Calls closed.
* When we first started looking at the 335 Calls back on September 8th they were at $380.00 a contract! They closed today at $6,090. Tesla is on fire. Some of the "out-of-the-money" action today was even wilder. These one closed at $5.00 per contract. Their previous close was in the $.13 cent ($13.00 dollars) and dropped down to an interday low of $1.00 a contract before bommeranging at one point in time back up to a high of $315.00 a contract!
I would now think that this stock has to take some form of a rest.

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