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What $1.00 Gets You in "Two-Week-Out-Options" (One Dollar Is Really $100.00 Dollars).

I have talked about Carmax before. The stock got hit hard on a recent earnings report. Now it's five and thirty day charts. The stock seems range bound. Now look at this, a look at how other companies in the same space are trading on the day. They are all down except Carmax. On a good day when everything is up these Calls could move upwards by 50%. (Don't take my advise ..... learn to look for opportunities like this on your own ....). Here they are at 3:56 p.m. On ten contracts the move on these Calls would result in a profitable afternoon day trade. Here is how the stock traded on the day. What a smooth afternoon Monday ride.

The Caterpillar Party We Talked About In My Last Blog Ended On Monday Morning.

So here is the first trade on a Caterpillar Put this morning.
Someone jumped in as Caterpillar was shooting up. Then this happened.
Caterpillar jumped some more and a block of ten Puts sold and then another one. Then this happened.
The poor fellow who got in at $6.00 paid to much. Then this happened.
Big volume surged in and these options went up. It all happened in 35 minutes. That's what Monday morning trading can sometimes be about. This blog ties into the story of my last blog. The danger now at this point is that Caterpillar could tick back up. Look at it's five day chart.
I wonder if the above traders are taking their profits. Here for interest sake is how these Caterpillar Puts closed the day.

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