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Chat GPT Told Me I Need To Be More In The Moment. Boeing Again

It's Friday morning. The stock in question is Boeing after going down in price for the entire previous day. That was the topic of my previous blog. What I am now showing is how the stock Boeing was trading seconds before the opening bell in the premarkets on Friday morning and what the 205 series of Calls "closed-out-at" on the previous day. That number was $1.85 down from a high of $7.50 on that day. The volume traded shown on the the first screen below are stock trades in the Friday morning premarkets, not option trades. Options do not trade in the premarkets however premarket option orders get filled at 9:30 a.m. at the opening price then posted. In the premarkets this morning around 9:00 a.m. it showed Boeing up about $5.00. Had you entered an "at-market-sell" ticket on overnight Call options you might be holding your fill will not give you that five dollar gain. You will get a fill based on the the 9:30 a.m. opening price. Now this, just three minutes aft...
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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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