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The Most Expensive Call Option I Have Ever Commented On.

How expensive? $3,250.00. Yikes. It's a hunch I have. A hunch is "a feeling or guess based on intuition rather than known facts". Are you wasting you're time reading about some person you probably don't even know talking about a hunch a stock option? Maybe. Now this. Look at this 30 day Eli Lilly chart. It's ugly. A few days back I looked at its chart when it looked like this. At that time I commented on it and called it a "step-down" chart and a precursor to bad things to come. Are we now at a bottom? Botttons are difficult to predict. Now this. The most expensive Call option I have ever considered. It cost $3,446.00 dollars U.S. and it expires a week Friday. What we are looking for is a turnaround. The potential profits in holding this Call on a good day is like a gain of $100.00 an hour. Would you like to bank your money here? Here we are now 30 minutes. later. Look at this printout. It is already up more than $100.00. At this rate we are ac...
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G.M. Option Are Now A Trap Few Option Traders Want To Play

G.M. popped yesterday on an earnings report.
That puts us in "a now what" trap. Will it go up or down and what about the Calls and Puts on it that expire this week (today is Wednesday) and next week? Look at at this weeks Calls and Puts that expire in three days.
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As one would expect there are more outstanding Calls than Puts. Now a question. Would you be nervous that G.M. might sell off on the opening? Investors now have had time to digest this news and fret over what might happen to the car industry in America going forward. B.Y.D. is now sending boat loads of vehicles to new ports all over the world. That can't be a good omen. So to catch any action on G.M. the very best time to catch any waivering is in first ten minutes of today's trading. Here is how one series of puts traded on the opening. In my mind this was the easiest trade on the week.
It was a case of striking when the iron was hot. Now this. Sometimes irons are slow in cooling off.

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