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Looking For Something To Buy On A Tuesday Afternoon?

Trumph says the war is over but is it? Exxon sells off on that news. Does this make the Calls a good buying opportunity? It's 2:38 p.m.. The Calls shown below expire in two days. Moves downwards this much in a one day time period are somewhat rare. Let's see what happens. This leads us to a new topic. Overtrading. Avid daytraders can pick the days they like to trade the best. I like Fridays for it's one day options and for it's late in the day look at it's "next-week-out-options" which might at that point of the day be somewhat mispriced. Resets in pricings can sometimes happen over the weekend which become apparent in the first few hour or so of Monday morning trading. I also like Wednesday for mid week reversals. The biggest trap are Thursday options that expire the following day. These are the ones that seem to lose the "time value" aspect of the equation the most quickly. Finally Tuesday options that expire the next day, or two days away o...
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Recognizing An Oversold Situation On A Monday Morning. Moderna

Moderna. Let's start with a doggy stock that has a large short position.
Now it's opening chart showing five days of trading. It's down. .
Here is some news the market is digesting.
Isn't this just more news of the same? Now a look at the 28.5 series of Calls at 10:25 a.m..
Now at look at the action at 11:00 a.m. The stock is up 20 cents.
It's not enough of a move to get out however the stock is moving in the right direction.
Now at 12:11 p.m. there isn't to much new to report.
.....
Now this.
Now at 12:50 p.m.
I would be thinking of watching it trade minute by minute. Now this.
It can't get much better than this. I would just get out. The morning fear factor that was attractive on the opening is now long gone. The reasons to now be holding this position have changed. It's called Monday morning daytrading. Selling into strenght can be a remorseful experience but one that most usually is quickly forgotten. I will check back in on this position at the end of the day. First, here is how the markets closed.
Now this.
Not a big gain but not a bad gain if you bought let's say ten contracts this morning. Now on to something else.

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