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Boeing Got Messed Up In It's Earning Report.

Boeing released quarterly earnings today. The stock got smoked. Now it's three month and one month charts. What was the bad news today? Could this be one of those bad news is actually good news situations? Afterall, Boeing keeps on pumping out more airplanes. The problem is they keep losing big money. That's a big problem. All I know is here is how this one series of Friday Call options are trading at the close of Wednesday's session. To me they are far to expensive. It might take some time to shake off this bad news syndrome. Now this on Thursday morning. Remember the 212.50 Calls we were looking at? They got smoked. Now with one day to go these options have popped up on the radar screen. The 205 Calls when Boeing is at $206.61. Charts like this usually end up going sideways or slightly down for the rest of the day. Here they are again 31 minutes later later. At this point in time charts like this do turn around. Might this be an opportunity to consider? Conside...
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Wednesdays Can Bring Market Reversals, Once Again My Focus in Looking At Playing Short Term (Less Than One Week) Options

Two stocks and the activity on their Put options today.
Only 17 option contracts traded on them today. Traders are afraid to trade them. Wednesdays are often the best days of the week for market reversals. The second stock is one I also recently talked about, Netflix. Here is today's action.
The stock is down however if you look at the chart the drop is barely noticeable. Or said differently, price changes like this are a near regular occurance.Yes there was light to moderate trading in this series of slightly "out-of-the-money" Puts. * The concept of playing short term options on stocks priced in this high price range is best suited for day trading only. It is advised traders do not hold onto overnight positions to avoid the risk of getting caught on the wrong side of a trade. That plus the time value element of the equation becomes more of a worry, with in this case only two day to go in the life of these options. Getting stuck going the wrong way will be fatal. Wednesdays give you the luxury of trading interday without much of a concern for the "time value" issue. In contrast, Monday and Tuesday option trading tend to be priced more defensively and make less profitable the exercise of trading one day price swings which are less than ten dollars. It's all kind of difficult to explain. ..
Once again, Wednesdays are often the best day of the week to look for interday market reversals on options on high priced stocks.

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