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If a Stock Drops 10% In One Day Can You Play It For A Two day Rebound?

Here it is. Here are the 240 series of Calls that expire in two days. $565.00 U.S. is a lot of money to shell out as an experiment. Now this. The next days action. Half of this options life has now disappeared. Now a look at its five day chart which tells a different story. I don't like chart charts that look like they are languishing sideways. This one does. Analysis explained this drop away under the guise of "macro shift's" happening within the industry, not company specific reasons. With just one trading day left I would get out. Hanging in is to big a gamble. Wednesday's index loss was almost 500 points and today's action was an across the board market rebound. Get out and start tomorrow with a clear head. Read my previous blog on Pfizer options which also traded during the same time period. *** Friday morning's early action. Yes it couldn't hold it's gain.
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So Boeing Is Down Like $8.00 On The Day

It's a Thursday at 3:00 p.m. Boeing is down.
Two things have happened. The DJIA is down and Boeing had some bad news.
Would now (3:10 p.m.) be a good time to play it for the upside with a Call option that expires tomorrow or one that expires at the end of next week? Here is how they are trading.
............
My thoughts. Some people like playing one day Boeing Calls with an entry point being at 3:59:96 p.m. on a Thursday afternoon. I would feel more comfortable playing them like that on a good day that Boeing is going sideways or slightly up. That didn't happen today. To me, next weeks Calls or Calls two weeks out are a better way to go. I don't really think that the news on it today I mentioned was all that significant. Boeing can't build things fast enough. Let's see what happens on today's closing and let's watch them tomorrow. Now it's one day chart at 3:20 p.m.
There was no rally on the close of the day.
To be continued. On a scale of 1 to 10 I give tomorrows outcome about 3 out of a 10. Now a Friday morning update.
It's Boeing and it looks like there is not enough enthusiasm to have a good day. Now a Friday noon update.
A lesson learned. When a stock drops $8.00 in one day on bad news and it's Boeing walk away.

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