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Options On A Monday Morning On Nvidia That Expire At The End Of The Day.

Options on Nvidia are widely traded. There are options on it set up to expire three times each week. Monday, Wednesday and Friday. Nvidia is on a terror as earnings keep skyrocketing upwards. Here are it's thirty and five day charts. Imagine buying last weeks Call options on the close last Wednesday and getting out on Friday? What a score that would have created. Now look at Monday morning's trading action. Now shown above is how the stock is trading on the opening. It is up. Didn't it's perky chart look like that might happen? These are "step-up-charts" which you don't see very often. It's 220 series of Calls are up 271% twenty minutes into the trading action on 110,800 contracts! But wait. We first started looking at the 215 series of calls however suddenly we are tracking the 220 "out-of-the-money" series of Calls. What's that all about? Can you see how dangerous a game this can be considering that these are "last-day-to-expira...
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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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