A Weekly Review Ending The Week Of Oct.4th
Let's start with the stock Ford. It's up. That's something that doesn't happen very often. Ford hitting a new 52 week high. Try and follow Friday's one day option action. Here is how two series traded.
Both the 12 and 12.5 series of Calls exploded on Friday. But wait, there is a twist. The action didn't really happen until 3:00 p.m. which is the time retail traders needed to be out of their position. The real action then was on these Calls below, the "next-week-out" options. Here they are now.........................................................................................................................................................
2) I did a blog on the Canadian company Dragonfly back on Sept.20th when it was trading at $4.42. The January 2026 five series of Calls were trading at $.55 with only 91 oustanding Calls on them open..Here it is now. Only a few traders have taken their profits. That's suprising. They are up tenfold. Now one more stock mentioned at that time in the same space. "Unusal Machines" and it was at that time $10.77. Now it's at $16.29.
3) Boeing. Here is it's five day chart. On Wednesday September first I did a blog on mid week reversals and I said I like Wednesday Call options on the close more than Tuesday Call options.
Boeing had a nice jump on Thursday. It went on to do nothing on Friday.
4) Exxon.
Here it it's five day chart. On Thurday at 9:35 a.m. I singled out the Friday 112 series of Calls which were trading at $.68 Cents at 935:50 a.m. which then hit $1.26 at 10:00 a.m.. (later they went on to trade as high as $2.00 before then selling off).
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.................................................................................. 5) Pfizer had it's best week upwards in price in a long time. Look at this chart. It went up.
Now look at one portion of it's Thursday October 1st chart. I did a blog saying buy on a dip. I showed the 27 series of Puts dropping between 11:55 a.m. and 12:50 p.m. going from $.32 cents to $.44 cents.
Other things also happened like Tesla selling off on Thurday and Friday on this following good news. Look at it's chart and look at one series it's "at-the-money" options. Traders were all over them. Tesla options are best played hour to hour and not day to day, especially on the last two trading days of the week. There is so much to watch. Weekends offer much needed "time out" breaks.
Other things also happened like Tesla selling off on Thurday and Friday on this following good news. Look at it's chart and look at one series it's "at-the-money" options. Traders were all over them. Tesla options are best played hour to hour and not day to day, especially on the last two trading days of the week. There is so much to watch. Weekends offer much needed "time out" breaks.
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