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Boeing - If It Doesn't Go Your Way Just Get Out.

This could be an exciting opportunity. ...... Now its one day chart. Ay 2:49 p.m.with the DJIA average up strongly the stock is still struggling. This could be another one of those cases where it is a good time to get out (see our Exxon blog today) for the same advise. Wednesdays can be turn around days for "one-week" or in this case "three-day" options but if things are slow in happening it's just best to bail and never look back. It's called day trading.
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Carvana Again. It's Mid Week And Will It Get Nervous again?

What do we see here? Carvana is up $12.00 in the first hour of trading.
It's 10:27 a.m. and these Puts are like $10.00 "out-of-the-money". There is support at the 310 price level. Carvana is known to do crazy things. Might there be an afternoon gain to be had here? Let's see what happens. It's 11:32 a.m. and there has being a slight drop. Here is the chart.
In my usual fashion I would say just get out. $4.70 to $7.20 in just over one hour.
Now it's updated five day chart.
Who cares what happens next? *** With less than 30 minutes in the trading session the same opportunity with the same series of 320 Puts has presented itself again.
......
There is one diffence. It's missing the early morning "up-to-quickly-surge" it had this morning. For that reason alone everything is different! Here is how Carvana closed out the week.
Anyone bold enough to buy into these "out-of-money" Puts in the morning on Friday at their lows of the day were well rewarded.
It's easier to write about this kind of stuff after it happens than before it happens.

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