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The Respect That Boeing Calls Have.

It's noon on a Wednesday and here we are looking at Boeing Calls. These options with 2.5 days trading days life left in them now command a two dollar premium. Is it worth it? It means that the stock has to jump up two dollars in value in the next little while just to break even. Given it's recent track reord of good news, it's a reasonable proposition to entertain. Here is a look at what one series of Calls are trading at.
Last week Boeing was up $5.61. So really at this point in time option traders considering this position are hoping for a rally this afternoon, tomorrow or the next day. One could argue that a slight upward move at this juncture might produce a 30% or 50% return in a few hours. Seasoned day traders are not afraid to take unexpected Wednesday afternoon profits. As we will quickly learn at the 2:32 p.m. mark this was not going to happen. Boeing's Calls were near their lows of the day.
..............
Here now is it's five day chart ten minutes later.
My point is that waiting for Wednesday afternoon rallies is generally not a good space to be in. Buying into Calls just before the close on a Wednesday gets you into a totally different reality.

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