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Trumph Picks A Friday To Change The Rules.

This is kind of dirty pool. So the stock and options jumped on this news. Did Trumph's cronies get in on this action? It's difficult to tell as they could have got in a few days or a week ago and they could have bought Call options with longer term expiracy dates. Or his stockbroker cronies could have bought the stock to also profit in this gain. Certainly the authors formulating these policy changes were part of this action. In all fairness I can't prove that insiders profited from this Friday event. Yet here is the thing. Releasing this kind of news on a Monday or Tuesday would mitigate this kind of an event from being as impactful as it potentially could be. Option premiums shrink in value the closer you get to their expiracy dates. Lawmakers know this. They should know better than to allow this to happen. No government policy changes that will directly effect the stock market should be allowed on the trading days of the week when the majority of short term Call and P...
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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.
...
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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