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Super Micro Trying To Play The Downside After A Strong Earnings Report.

When a stock jumps bigtime on the opening can you play it on the downside? Now two series of its Puts that expire in two days. Now this. The Puts are starting to go up. What do you do next? Cash out with a slight gain? Here is it's five day chart. Can you see how trading short term options have periods of time leave you riveted to your seat. Now another update. .. Might this be a good time to get out and take your money back? Probably. The longer a stock like this goes sideways the less value the Puts will have. To be continued. Getting out was the thing to do. Here is how Super Micro closed on the day.
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A Classic Apple Story ... or ... An Apple Story In Disarray

It's Thursday after the close. 1) This is how Apple closed. What I am showing is it's five day chart.Today Apple had it's largest one day drop of the week.
2) Here are it's Calls and Puts on one series of options that expire tomorrow. We are showing the 262.50 series of Calls and Puts. I am impressed by how tight the bids and asks are. Some other stocks like Walmart also trade like this.
.........
3) Look at the price increase on the Puts today. This was a day when the D.J.I.A dropped 669 points on the day. These Calls now look cheap to me, but who needs to be in a game like this? There is no tommorows after one day options. Most short term option traders avoid the stress of holding last day options going into the final day of their trading lives. There will always be new action in tomorrows trading session. Let's watch and see what happens. *** So Apple dropped $13.77 on the day and the 262.50 Calls which are "out-of-the-money" by $.77 cents now cost $2.02. To break even the stock would have to rebound back up to $264.02. Anything above that would be profit. The last time Apple dropped more than this was on April 3th/2025 when it lost about 9% and it sold of further the following day. Might trader's today be looking for dip on the opening and then a recovery of some sort? Maybe. Let's see what happens. Now here is how it is trading in the premarkets at 8:37 a.m. It's down about $1.00.
Let's see what happens. Now this on the opening. Two back to back readouts 1:03 minutes apart.
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Might these options come back to life? The Puts are up almost 50%.
Let's forget what the Puts are doing and focus instead on the Calls. Now a 10:15 a.m. update. No one is giving away free money.
Now a 12:55 p.m. update.
The markets are rebounding however Apple seems stuck.
At this point in time the realities of how dangerous a game this can be sinks in. To be continued. My comment at this point in time is down but not out and I want to point out I never have liked playing options on this stock. A 2:17.m. update.
Here is how they closed the day. 3:00 p.m. was the dealine to get out.
"One-day-last-day" options on Apple are not my thing.

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