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Mid Week Reversals On Boeing. Is Smart Money Buying The 210 Calls Just before The Close?

I like Wednesdays for mid week reversals. This week is more difficult than usual because the U.S. is at war. These aren't normal markets with the projectory being down. So here is Boeing's morning chart at 10:26 a.m. Remember the first hour of trading and the last hour of trading have the highest volumes of trading. Now two series of it's Call options. Notice the interest in the "at-money" Call options as compared to the "out-of-the-money". Call options. Daytraders are looking at "in-and-out" situations. Now this, a look at the movement one hour later. Boeing continues to go down. I have also added a look at the 205 series of Calls. They are all sliding down. .... Is there now at 11.45 a.m. an uptick? Now at 12:03 p.m. Things are stalling out again. What does Chat GPT say about this situation? All three series of these Calls are taking a beating. Now this at 12:25 p.m. Now this at 1:30 p.m. Now it's readings at the end on the day...
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Last Week I Said I Don't Like Purchasing One Week Options On Tuesday (Options with Only Three Day Trading Life Left)

Let's take four high priced stocks on a Tuesday at the close and track their "slightly-out-of-money", last few days to expiracy Calls. My take on things is that Tuesday options which expire on Friday are not the smartest of things to be buying. Let's follow their advancements into the next trading session. 1) Costco.
2) Deere
3) Eli Lilly
4) Tesla
Let's see what happened. First, here is how the D.J.I.A traded on the day.
1) Costco like the markets was flat on the day. The Calls lost 19% of their value.
2) Deere was down just a fraction. It's Calls were also down 19%.
So here is my thing. With short term (this week) options the option premiums drop about 20% a day in value in the first half of the week. It's an opportunity cost and unless you have a specific reason to be holding option contracts overnight I say just stay away. 3) Eli Lilly. Here is where things get interesting. The stock was up $2.09 and the options traded down! What's that all about? Well it's the 20% slippage in a day issue I keep mentioning.
4) Tesla. It took a jump of $5.26 to move the options up $.15 or not enough to make any profits after paying commissions. What a soboring thought.
Trade anyway you like. I don't like Tuesday's option action on short term options. Six month and one year out options are a different thing. Buy and sell these longer term options on whatever day you like. I just don't like playing Tuesday options looking for a three day hold.

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