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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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Look At How Eli Lilly Tanked On The Opening

Here is it's chart.
Can you see how much it dropped? Here is what one series of Calls and Puts did. First the Calls.
Notice the light trading. Now the Puts.
The Puts on the opening never traded at lower prices than this one lonely trade. The Bids and Asks would have dropped after this trade happened however there were no takers, partly because there was a built in expectation that the stock might rebound upwards again. Now let's push forward. Here is what it's five day chart looked like at the close of the day.
Step down formations on charts are not a good sign. That brings us back again looking at the 1,062.50 Puts. Here is how they closed.
The reality of stocks priced in the $1,000.00 dollar range is that they can go up or down $25.00 in one day. Costco and Eli Lilly often do. This is why these option premiums are so expensive. It will be interesting to see what happens next and I note so few option traders find value in trading them. Now this.
We are not going to be bothered by earning reports this week. Let's see what happens tomorrow, a Tuesday. The stock dropped around 10:30 a.m. and the Puts went up. Can you see how exhausting it is to be watching these movements, knowing also that time values are shrinking.
Here is it's five day chart to better put things into perspective.
There are so many other more interesting stocks to be watching but the carrot once again with watching this one is that it sometimes jumps in a heartbeat. To be continued. Now Tuesday's close. It did jump down.
Now down again.
That's the Eli Lilly that I know.

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