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Trumph Picks A Friday To Change The Rules.

This is kind of dirty pool. So the stock and options jumped on this news. Did Trumph's cronies get in on this action? It's difficult to tell as they could have got in a few days or a week ago and they could have bought Call options with longer term expiracy dates. Or his stockbroker cronies could have bought the stock to also profit in this gain. Certainly the authors formulating these policy changes were part of this action. In all fairness I can't prove that insiders profited from this Friday event. Yet here is the thing. Releasing this kind of news on a Monday or Tuesday would mitigate this kind of an event from being as impactful as it potentially could be. Option premiums shrink in value the closer you get to their expiracy dates. Lawmakers know this. They should know better than to allow this to happen. No government policy changes that will directly effect the stock market should be allowed on the trading days of the week when the majority of short term Call and P...
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Catching The Smallest of Moves. Exxon On A Friday Morning.

Exxon on Friday morning. It's five day and one day charts.
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No real volume in the Calls. Now this.
Volume is coming in. It would be nicer to see the spread shrink a little bit. At this price the option makers are putting on a brave face to cover up the low of $.44 which just happened.
Let's see if a rebound happens in ten minutes.
Not really but the rate of declining seems to be slowing down. If you check the Puts you can see the downward action is stabilizing.
In a way this is a good indication that now is a good time to jump into the Calls. Now watch this.
Now this.
Now this 5 minutes later.
At 10:24 a.m. it's chart looks healthy.
Now at 10:30 a.m.
Now at 10:54.a.m.
We caught the morning rebound without to much worry. That was the game plan. Getting out would make sense no matter what we leave on the table. *** Now this nine minutes later.
These options just lost most of their gains!
Sometimes it's good to be nimble! Now this at 12:14 p.m. These Calls are now at $1.20. The D.J.I.A is up crazy high.
Here is how the 116 Calls endeed up closing the day.
Getting out by noon on a Friday is sometimes the best way to go. You can see it was a bit of a scrabble to make money on these ones.

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