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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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Eli Lilly At Ten A.M. On A Thursday Morning

Eli Lilly is the star of the week as it moves up on good news. What is this good news? Well going forward for different reasons they are going to be able to sell more of their weight loss drugs at lower prices but in much higher quantities. Other changes will help to make it more difficult for their competitors to reach the economies of scale necessary to make it all happen. Is now a good time to be looking at it's Puts? It's 10:00 a.m. and the stock is already up $12.00.
The stock is up on good news now for a few days old. Fighting a strong stock in a hope to catch it at a top is one of the most dangerous trades to make. That plus they are super expensive to dabble in.
At 2:10 p.m. the market is way down.....
... the stock doesn't know what to do.
Here now is how the 1,030 Puts closed the day.
They jumped from their 10:00 a.m. price of $11.90. It afforded a comfortable amount of time to get out at a profit. Here is how the Puts swung on the day.
What a day for catching the downside. **** Do you want to see what happened on Friday? These same Puts hit $23.00 dollars on the opening and then the markets changed.
.....
I realize that most readers are not all that interested in short term option playing on options this expensive. Here is how Eli Lilly ended up closing on the week.

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