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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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Netflix As A Mid Week Trading Vehicle

I often talk about Wednesdays being turn around days for the markets. Today was one of those days. Netflix had a big drop and then came back a small bit towards the close. Look at this, the 1220 Puts on Netflix at the start of the day, a Wednesday. Can you see they closed Tuesday at $1,340?
Now this. It's Calls.
Now it's one day chart.
Here how the Puts and Calls traded.
The Puts more than doubled in price in the morning and the Calls lost more than half of their value. What's the importance of this read? Maybe there should be more energy put into tracking these moves. Costco options offer the same trading experiences. Three hour moves in mid week trading sessions on high priced stocks can can sometimes offer profitable experiences without the urgency of time (the time value premium on options) working against you.

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