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Eli Lilly

When a stock drops over $50.00 in the first three hours on trading one a day and when the DJIA index is up can you play it for a one or two day partial rebound? $9.00 or nine hundred dollars gets you in. That's the question now being asked and based on the number of new Call contracts being purchased the answer is probably no. As of 11:50 a.m. I can't find any news to explain this drop. Now this, if you just came off a morning gain from trading Tesla Calls, see my last blog might you be willing to part with some of these winnings? This could be another short term opportunity given that the D.J.I.A is so strong. Lets check out the action in thirty minutes. The stock is up $3.81 and the Call options went from $9.00 to $11.80 in thirty minutes. Do you take the money and run? Very few traders are speculating in this series of Calls. There is the danger that in this kind of situations that a second shoe could drop at any minute. Yet the DJIA continues to remain positive. That sho...
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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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