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What A Week For Market Swings. This Time Boeing

My last two blogs have focused on options expiring on Mondays and Wednesdays. This blog on a Thursday deals with options that expire tomorrow on Friday. AS A GENERAL RULE PURCHASING CALLS ON A THURSDAY MORNING THAT EXPIRE THE VERY NEXT DAY IS NOT A SMART MOVE TO MAKE. We have witnessed huge daily price swings this week where profits from option trading can be made in a matter of hours. Now let's look at Boeing's morning action. Sometimes when you see charts like this and if you're coming off a streak of three or four profitable trades it's best to jump in hoping for a reversal to the upside and ask questions later. Especially when the D.J.I.A is strongly up in price as it was. I quickly looked around and couldn't find any news to account for this price drop. Trumph was in China and we later learned that there was talk of China ordering 200 more of Boeing's new airplanes. China is always going to want more airplanes. Talk like this is only talk. Now this at 9:51...
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Boeing Got Messed Up In It's Earning Report And Looking For Thursday Rebounds

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 could turn around. Might this be an opportunity to consider? Should you consider these ones which are "in-the-money". But wait, might there be more panic selling on the closing? Why buying into a nightmare situation? It's funny how six months ago Boeing was getting a number of new government contracts and things couldn't be any better.
**** Don't make any trades on my advise. I am not offering advise. I am offering entertainment to inquisitive minds. The subject matter of Boeing dropping this quickly is bound to attract attention. To be continued. Now this at lunch time. A calm has settled in. The chart looks completely different.
Now this on the closing. The 202.50 series of Calls is now like two dollars "out-of-the-money".
Let's see what happens tomorrow. Has this taught you anything on the topic of looking for Thursday rebounds? Now Fridays action at 9:47 a.m..
Now this.
The clock is ticking on these options. *** Boeing disappointed. Here is how these options closed and how it traded on the week.
When a companies earnings keep falling investors lose confidence.

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