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Micron Technology. A Nervous Market With Big "One-Day" Option Swings

It's Friday July 31st. Look at this stocks one and five day charts and then look at how one series on Puts which expire today struck gold. First it's one and five day chart. ... I don't know much about this stock however this blog follows the last blog on the topic of buying Puts on spiking stocks. Look at how this one series of Puts below has reacted on this one day selloff. Had I picked a series of Puts further "out-of-the-money" the gains would be even more remarkable. Look at the low of the day which happened on the morning spike and look at where the option is at now! Yet wait the game is not as easy as it looks. How often does a stock drop that much in one day? Not very often. Look at how Apple dropped like 30 points after an earning's release and this series of "out-of-the-money" Puts merely doubled. It could be argued that risk involved in making the trade outweighed any potential reward. If we now go back to our friend, the stock name...
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3:30 P.M. On A Day the DJIA Is Down Like 700 Points.

So here are four widely followed companies. Let's see how buying two day (Friday) Let's watch the demise of their Call options over the next three days. Trumph is destroying the markets. 1)
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38.000 contracts have traded. 2) Is Boeing.
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3) Is Tesla.
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. Now Apple. This time with a 4:00 p.m. chart.
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Here now is how the indexes closed on the day. The markets remained largely unchanged in the last twenty minutes of trading.
These options are down 28%,63%, 53% and 62%. Let's see what tomorrows opening trading will bring. Now Thursday's closing readings.
Down 68%, 89%, 93% and 53%. In two days the Tesla Calls for example have gone from a high of $10.80 to $.28 cents.
That's what happens when the markets drop 992 points in two days. Friday turned out to be a down day again. Trumps actions are unexplainable. That's the big problem. Option traders, unlike stock traders have the luxury of sitting it out when times get tough.

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