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Walmart - Trying To Outsmart The System

I don't know if it is going to work. Buying a Call and an offsetting Put on the same stock with the same striking price with two days of trading life left in them. The logic is to sell one of the two if it gets a double or more, (hang on as long as you can), and earn a free ride in an offsetting change of direction. Look at this five day chart and you might see how this train of thought developed. Now a look at one Call series and one Put series. These options both have two full days of trading life left in them. Here is it's five day chart which looks like it might break out. It really takes a share price move of over $2.00 quickly, to make this a fun experience. Options priced in the $1.00 range can suprise. It also could be a total bust. Let's follow this action and see how it all plays out.Thursday morning. Here is the early morning action. The Puts really performed. Can you sell out of both postions and take a profit. Hold that thought. Might it go lower? Here is ...
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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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