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"Boeing Calls" On A Friday Morning.

I wrote the very same type of blog about Boeing's trading pattern last Friday. In that blog Boeing went flat in price for the entire afternoon. Any profits to be made in the Puts happened in a very limited period of the morning's trading action. Might things today happen in the same way? The price of oil is suddenly up. That's not good for Boeing. Let's begin with Boeing's five day chart. Now it's one day chart on Thursday. Look at how the stock wandered back up towards the very end of yesterday. Could it inch up another touch on the opening and then run out of steam? Would this be a good time to be focusing on the 210 Puts? Experience has taught me not to be jumping into Calls options on Thursday afternoons to catch Friday morning rally. That's more something one might do at the end of the day (on Fridays) to catch a Monday morning bounce. Here is a look at what two series of it's Puts are doing and it's chart about eight minutes into Friday morn...
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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.
Once again, this take your profit decision applies to last "week-Wednesday-short-term-option" playing. Wednesday going into Thursday are a tricky space to be in with overnight options. This "take your profit approach" doesn't necessary apply to other days. ** Here is how Boeing traded the next day.
It wasn't a walk in the park for these options. ****** Let's move forward. If you had the guts to purchase these 200 series of Calls on Thursday would would have got a reward on Friday.
That's Boeing.

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