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Boeing Has A Strong Opening And The Game Of Trying To Fight A Strong Stock In A Resilient Market

Look at it's chart. Now how one series of it's options closed the previous day. Now it's ten minute action. Now a 11:00 a.m. question. How do you feel about looking at the downside? Is this going to be the day when the DJIA index jumps 1,000 points? Look at these details. .... Reversals are more likely to happen in the afternoons, not the mornings. I like midweek option trading on stocks in the $225.00 price range. To be continued. Now here we are at 12:59 .p.m. Nothing has really changed. That kind of makes sense because it is exactly a point of middle of the week trading. To be continued. Now a 2:37p.m. update. The NASDAQ is super strong. Getting stuck in this position wasn't the name of the game. The markets were strong on the news of peace with the price of oil coming down. The real winners where the people who got in on the close yesterday who benefited from this morning's bounce. So many of the daily moves now happening are politically induced. This ...
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One Day Options On One Of The Most Difficult Stocks To Play Options On. Carvana

Carvana has a dubious reputation it can't shake. Insider stock manipulation or something like that. That's old news and now there are more new fears over their accounting procedures and with that comes stock volatitity. You Tube videos also talk about this situation. Here is it's five day chart and here is how their "two-day-until-expiring" Call and Put options are positioned going into tomorrows (Thursday's) trading session.
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Both are crazy expensive however they do offer two days of trading activity. That's a long time for options on a stock like Carvana. Look at the dip and the rebound it had on Wednesday.
Now I am jumping ahead to Friday, the final day of trading on these two series of options. Look at this. First a five day chart showing Thursdays and Friday's action.
Now it's Friday only chart.
So what's important about this one day chart? This. Look at how it's Calls options traded.
The Call holders lost all their money. Now look at the Puts.This series of Puts we are watching did wonderfully well as did the series of Puts with a higher striking price we were looking at on the closing on Wednesday.
Now here is what really happened. The stock closed Thursday at $427.44, opened at $425.21, jumped back up to $427.50 which was $.06 higher than the previous day's close and then tanked after that in the first nine mintes of trading.
In these nine minutes the Puts exploded in price. Anyone buying a Put contract at the 931.00 a.m.-932.00 a.m. time period at $370.00 dollars per contract would of had an exit point if they wanted at the $1,950.00 ptice point ten minutes later! Carvana regularly produces unexpected price swings. If it happens on a Friday it can become a really dangerous game.

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