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Trumph Picks A Friday To Change The Rules.

This is kind of dirty pool. So the stock and options jumped on this news. Did Trumph's cronies get in on this action? It's difficult to tell as they could have got in a few days or a week ago and they could have bought Call options with longer term expiracy dates. Or his stockbroker cronies could have bought the stock to also profit in this gain. Certainly the authors formulating these policy changes were part of this action. In all fairness I can't prove that insiders profited from this Friday event. Yet here is the thing. Releasing this kind of news on a Monday or Tuesday would mitigate this kind of an event from being as impactful as it potentially could be. Option premiums shrink in value the closer you get to their expiracy dates. Lawmakers know this. They should know better than to allow this to happen. No government policy changes that will directly effect the stock market should be allowed on the trading days of the week when the majority of short term Call and P...
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Walmart Starting With 2:25 p.m. On A Monday. It's Christmas Week.

First the one day chart.
The markets on the day are down.
Now it's Puts at 2:25 p.m.
Now it's closing price.
Now Tuesday morning.
In some ways we are wasting our time watching what seems to sideways motion. Is this what successful option trading is all about? It's not like watching Tesla or Caterpillar coming out with earning reports, or watching Boeing jump up in price over the last few weeks. There really isn't any reason to be in this position, other than the indexes are down for the second day in a row. With the clock ticking away at you is this a good time to be risking your capital? Not really. It is a struggle.
Now let's look at Walmart at the end of the day on Tuesday. The stock went down in value on the day as did the Puts. Yes the time value is going down which is partially to blame and the indexes also had a drop. These are quiet markets during this holiday period with fewer news report expected to be coming out.
Let's see what happens. Low priced "in-the-money" options with two day to go until expiring in this price range can suprise. At $.62 cents ($62.00) per contract these Puts could be a bargain. Here they are in aftermarket trading. Aftermarket trading this far away from the opening bell doesn't mean to much.
To be continued. Now Wednesday morning.
Now this. The market tanked near the end of the day.
$.65 to $.75 Not much of a gain. Christmas week is not the week for playing options. These options still have one days trading life in them. Trying to outsmart this stock at this juncture is not the way to go. Now one more thing.
With the low trading volumes all week hanging around for another day with no exit plan in case the stock goes the wrong way is not the space to be in. The end.

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