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The Same Old Game Of Buying One Day Boeing Options On A Friday Morning

You decide. Do you like this chart? The real action in the Calls happened yesterday, on a day the DJIA was up almost 1,000 points. Now a look at these one day Calls options 10 minutes into the trading session. It's early in the day. It's 9:51 a.m. .... Is the stock stabilizing? Let's move down one series of Call options.We are still in the first thirty minutes of trading. Now a 10.10 a.m. look at the 217.50 Calls. Now the 220 Calls we first started looking at. What's going to happen? To be continued. The closing numbers and a one day chart. It didn't disappoint. The 1:20 p.m. time period was the time to get out. Here is how the DJIA closed the day. So you might say that this is a stupid game to play with the risk levels amazingly high. Space X was abuzz with news today and Boeing had a scorching hot day yesterday. Today's trading activity was merely a walk in the park. One day option trading can sometimes be your best friend. To read other blogs on Boe...
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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.
This is a different way to be thinking about option trading.**** BUT WAIT ON ALL OF THIS. WAIT AND WATCH. WE NEED THE DJIA TO UPTICK FIRST. NEWS OF WHY THIS STOCK IS DROPPED IS STILL MISSING FROM THE EQUATION. YET IT CAN'T DROP FOREVER. IT'S GOING TO TAKE NEWS ON WHY THIS STOCK IS DROPPING OR AN UPTICK IN THE MARKETS BEFORE IT CAN TURN AROUND. Now this, the closing readout on the day.
A profit of $157.00. Here is a chart showing how it traded on the day.
If you look at this chart the 11:19 a.m. time period was to early a time period to be looking for a rebound. Waiting until the 2:20 p.m. mark would have produced much better results. You can see that these Calls traded down to $29.00 or $2,900.00. Catching reversals on big drops like this is a game some traders know how to play. That plus Wednesdays are known to be the day of the week for market reversals. More examples of this kind of trading is to follow. ** A Thursday update. A weak cup shaped recovery continued. Check out the high on these Calls today.
Can you see the high on the day of $44.98. That's up from the $34.46 when we first started looking at this exercise. That's a one thousand dollar gain which is not bad. Learning this technique requires faith in cup formation charts.** Here is how they closed the week on Friday January 30th.

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