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$.55 Cent Option On A Monday Morning. Nike

Here is a difficult chart to undestand. It's Nike's five day chart. It appears the world cup tournament has not helped their cause. Do you like this chart for playing the upside? What I like about it is that it seems to have false starts. At the same time I respect the fact that playing short term options in this price range often ends up with disastrous results. Yet saying that, I also know that $.55 option contracts can often double in an hour or two and it's Monday morning which is still all so early in the trading week. ....... Let's see what happens. Now here we are at 11:00 a.m. A safe bet would be to get out and say thank you for a nineteen minute ride. Monday morning resets like this are more common than you might think.* Now this at 1:00 p.m.
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The Deere Jump And A Decision To Make On Friday Morning If You Want To Catch The Action

Read my last blog. Yesterday John Deere shot up to the sky. Will there be a fallout today? That's the current question. The first printout shows the 645 series of Calls at 10:17 a.m. There was some action early in the morning. These options expire today.
Look at this printout. The Call options crashed on the opening and then rebounded. I can explain better what happened by showing both it's five day and one day chart.
Can you see the massive jump it had yesterday? Now can you see on the printout below how it dipped on the opening at 9:40.00 a.m. to 647.05? That's when the 645 Calls dipped down to $6.00 before jumping back up again and doubling in price.
One has to now wonder if the 9:40 a.m. reversal was a computer generated/Ai move given that it happened at exactly 9:30 a.m. So now what? Let's look at the current chart above and think about whether or not we want to buy the Puts to catch what looks like to be a fall. Here is one series to consider.
At 10:18 a.m. would you be happy with that decision? If so here is how they are trading 49 minutes later. Take a guess what they might be trading at. Are you ready to find out? Here they are.
Sellout and say thanks or wait. It's your call. Here is a new chart at 11:14 a.m. Deere seems to be hanging tough. That said, it's often wise to take any profit on a Friday when you see one.
Now it's five day chart at 11:25 a.m. which might help add a different perspective.
Can you see how the day is not over yet? Or is it? To be continued.

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