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Part Two Of What McDonald's Is Doing?

Nobody knows whats going to happen tomorrow. Let's jump forward. $1.64 or $164.00 dollars plus commissions will buy you one "310" series of Puts. In the first twelve minutes of trading only one contract traded. That just shows you how dangerous these option contracts can be. We are not talking about a one day move at this point in time. For option traders holding positions like this which were bought for quick flips an hour of watching the stock becomes a guessing game. Here it is now about seven minutes later. Note this, the pain continues? What's the DJIA doing? This becomes the path you are now on and it's to early to think about it becoming a dead end. If you still like the situation then yes you should buy more if you can afford to lose. Perhaps you made a big score on Disney Calls on the previous day. I have talked about that. Now this at 11:09 a.m. Still the same number of contracts traded. Hold these thoughts. Look at how the 310 Puts and the D.J...
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Four Stocks That Looked Hopeful Going Into Last Fridays Opening

Yet I didn't do anything because of a phenomenon called "Triple Witching". Triple Witching Day is a quarterly event on the third Friday of March, June, September and December, when stock options, stock index options, and stock index futures all expire, causing heavy trading volume and increased market volatitity as traders close or roll or roll over positions. Why try and trade in that environment? Now this. Sometimes options going into their last day of trading gap to the upside on the opening, This can create instant profits. Tesla, Boeing as of late, Caterpillar in the last six weeks and Eli Lilly when it is hot can spike on Friday mornings. There are others. This time around, meaning last Friday morning Telsa didn't do anything but the other three stocks did. Look at their Friday morning jumps.
Let's wait for the next triple witching day and watch to see if this spiking action happens again.

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