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Part Two Of What McDonald's Is Doing?

Nobody knows whats going to happen tomorrow. Let's jump forward. $1.64 or $164.00 dollars plus commissions will buy you one "310" series of Puts. In the first twelve minutes of trading only one contract traded. That just shows you how dangerous these option contracts can be. We are not talking about a one day move at this point in time. For option traders holding positions like this which were bought for quick flips an hour of watching the stock becomes a guessing game. Here it is now about seven minutes later. Note this, the pain continues? What's the DJIA doing? This becomes the path you are now on and it's to early to think about it becoming a dead end. If you still like the situation then yes you should buy more if you can afford to lose. Perhaps you made a big score on Disney Calls on the previous day. I have talked about that. Now this at 11:09 a.m. Still the same number of contracts traded. Hold these thoughts. Look at how the 310 Puts and the D.J...
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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.
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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.
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We are now kind of back to where we started. Now this at 2:20 p.m..
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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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