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Step Down Charts And Short Term Options. Nio

Here is a classic "step-down-chart" with one minute of daytime trading life left in them before the markets close at 4:00 p.m.. The stock is Nio. ... This printout of "in-the-money" Call option also shows one minute of trading life in them before the market closes. It's Tuesday and these Calls expire this coming Friday. You are purchasing three days of market trading life. To purchase one thousand shares of this stock would cost you $5,750.00. To purchase options that control the price movement of one thousad shares of this stock for three trading sessions would cost you $370.00. ( Ten contracts at $.37 each). These Calls are also currently $250.00 "in-the-money" which means if the stock totally goes flat for the next three days your options will still have that amount of intrinsic value left in them. Now think about this. Many option accounts in the U.S. enjoy free option trading and there are discount brokers in Canada who can save you money. A fl...
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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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