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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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Exxon On Tuesday Morning And Then Wednesday Morning

It's down. The 117 Puts are up over 40 %.
Only one Put sold on the 117 series of Puts in the first three minutes of trading.
Now look at the Calls. This time we are lowering the striking price by $2.00 to get closer to the "in-the-money" options. Will these Calls rebound?
Slightly later.
Let's jump ahead to see how they closed the day.
I am not a big fan of holding onto short term options overnight on "last-week-to- expiring" options however these ones are still 1.5 weeks out. That's still not much comfort. My excitement of my previous blog yesterday talking about four trading opportunities to trade in these options in one day has now lost some of it's shine. The one assurance with trading these options is that oil is an international commodity and the outcomes of how it is going to trade are outside of the control of the market makers and the stock Exxon. Option trading on Exxon is not always a walk in the park. Let's see what happens. Wednesday morning at 10:a.m...
The pain was worth the gain. Now the end of the same day readings.
The DJIA was up over 400 points. Here is how these Calls closed the day.
. This kind of stock pattern is sometimes called a saucer formation. While simple in design, they sometimes take you by suprise. It's funny, with all this Ai trading, so few contracts are being traded.

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