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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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Pfizer. Playing The Momentum Of An Unexpected Rally.

Many of the drug stocks are up today (a Wednesday) on news. As an example, look at how Eli Lilly is doing.
Can you catch some of this action? Let's look at Pfizer.
One would think that one is to late to the party. Look now at the pricing of these Calls at 11:55 a.m. which expire in two days. This slight dip in it's chart creates an entry opportunity. With a strong upwards projectory like this dips do not last very long. This blog is about buying Calls on the tiny dip you see on the above chart.
Now this, fifty-five minutes later. $.32 is now $.44. This has become a profitable trade.
Can you see how the stock is up only marginally.It's 12:50 p.m.. This is the kind of trading nimble Wednesday option traders teach themslves to do.
Here is how Pfizer closed the day.
It did lose steam on the closing and because of this might open softer on the opening.

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