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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. I missed tracking the action but this is what happened. The Puts really performed. Can you sell out and take a profit and play it for the upside? Hold that thoug...
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Eli Lilly - Expect Morning Moves Like This. Also Costco and Carvana

I don't like writing blogs about Eli Lilly. Why? Three reasons. It's option premiums are expensive and the stock makes giant moves. The third reason is that I know next to nothing about Eli Lilly's "day-to-day" operating realities. If I guess wrong, yes I say the word guess and I am not apologizing for using it, it's game over. Look at what happened this morning, a Tuesday. It jumped upwards after the opening and then sold off.
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The Puts traded down to $12.64 on the stock's early morning blip upwards and then nearly doubled in price on the ensuing decline. A second chart here below shows that action better.
Buy the Puts just after the opening and sell them a few minutes later or wait and sell them at lunchtime.
It's not only Eli Lilly that moves like this. Look at Costco today.
It also was up on the opening and then tanked. This series of Puts moved up in price.
Finally Carvana. The same story. Up on the opening and then tanking.
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If you are a repeat viewer to this site you will know that these are three stocks on my radar list. Look at the low volumes of Put trading in these three stocks. Situations like this are difficult to track. Serious option traders should track the activities of these three stocks on one screen and watch how they trade in the first ten or fifteen minutes of the opening markets. If any of them have popped upwards and if it's a Monday, Tuesday or a Wednesday then tune into the possibities of reversals happening. Watch for me to highlight these recurences in future blogs. This is big boy trading and the stakes are high.

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