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Looking For Something To Buy On A Tuesday Afternoon?

Trumph says the war is over but is it? Exxon sells off on that news. Does this make the Calls a good buying opportunity? It's 2:38 p.m.. The Calls shown below expire in two days. Moves downwards this much in a one day time period are somewhat rare. Let's see what happens. This leads us to a new topic. Overtrading. Avid daytraders can pick the days they like to trade the best. I like Fridays for it's one day options and for it's late in the day look at it's "next-week-out-options" which might at that point of the day be somewhat mispriced. Resets in pricings can sometimes happen over the weekend which become apparent in the first few hour or so of Monday morning trading. I also like Wednesday for mid week reversals. The biggest trap are Thursday options that expire the following day. These are the ones that seem to lose the "time value" aspect of the equation the most quickly. Finally Tuesday options that expire the next day, or two days away o...
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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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