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"Nio". So Much At Stake.

One day option trading. Look at "Nio's" one day chart. What a waste of time it is you might say to look at junky options on junky $5.00 stocks. I know, "Nio" has kind of a checkered past. Monthly sales numbers however have just increased significantly. If that's the case why did the stock dip on the opening? That's a missing link in this puzzle and something we have to discount based on the opportunity that this quick price drop created. ... A thirty cent price drop happened on this stock on the opening and this week's Call options took a major hit. Obviously catching this morning's sell off using Call options as a trading vehicle was the way to go. Where these Call options are going to go from here is something I will track. Last week I talked about another stock in a rebounding mode called Hertz. When I pull up it's trading pattern today we can see the same thing happening again. $.19 cent Call options now trading at $.60 in one day. I do...
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Eli Lilly Looking For Rebound After Two Days Of Selling Off In Price.

Here are how things are set up for the opening.
Now Eli Lilly's one and five day charts.
..
So the stock is down like $75.00 from it's peak opening two days ago. It's Wednesday and these options now have three days of life left in them. $14.97 is the price this one series of Calls closed at. This kind of a chart formation looks kind of ugly.
A flat opening.
There is not much happening in the first twenty minutes of trading yet the D.J.I.A is up.
It's a Wednesday and for one week option traders these are often turn around days. It didn't happen. Eli Lilly danced around and then sold off on the close on Wednesday.
Here is the pricing of the 1,025 Calls going into Thursday morning.
They cost $9.00 and are $10.00 "out-of-the-money" with only two trading days left to go. Does reading all this curb your appetite for wanting to play situations like this? If nothing else, it gives you an appreciation for how dangerous this game can be. Let's see what happens next. It's 10:20 a.m. on Thursday.
...
We are now kind of back to where we started. Now this at 2:20 p.m..
..
With the DJIA down 427 points and with these options only having one day to go maybe it's time to take your profits and just get out.
Eli Lilly can be a wild stock tp play options on.

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