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Boeing Has A Strong Opening And The Game Of Trying To Fight A Strong Stock In A Resilient Market

Look at it's chart. Now how one series of it's options closed the previous day. Now it's ten minute action. Now a 11:00 a.m. question. How do you feel about looking at the downside? Is this going to be the day when the DJIA index jumps 1,000 points? Look at these details. .... Reversals are more likely to happen in the afternoons, not the mornings. I like midweek option trading on stocks in the $225.00 price range. To be continued. Now here we are at 12:59 .p.m. Nothing has really changed. That kind of makes sense because it is exactly a point of middle of the week trading. To be continued. Now a 2:37p.m. update. The NASDAQ is super strong. Getting stuck in this position wasn't the name of the game. The markets were strong on the news of peace with the price of oil coming down. The real winners where the people who got in on the close yesterday who benefited from this morning's bounce. So many of the daily moves now happening are politically induced. This ...
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A Chart Pattern You Don't See Very Often. Super Micro

Here it is.
Obviously something when wrong to drive the price of the stock down 30% in one day. This is a Friday chart. Might Monday morning bring a second wave of selling pressure? The company got messed up breaking U.S. export rules. The companies co-founder Wally Liaw, age 71 got arrested for helping Chinese customers getting Super Micro servers containing high - powered Nvidia artificial intelligence processors in violation of U.S. export-control laws. Now here are what this weeks $20.00 series of Calls are priced at going into Monday's morning.
Might this event get shrugged off over the weekend? Who knows. Here is the answer, fifteen minutes into the Monday morning trading session.
What do I know? Not much. I am suprised that the stock didn't open higher. This could be the second wave of panic selling. Now could be a good time to buy.
To be continued. Now this at 10:52 a.m..
Not a bad trade if you're happy with a quick in and out. Opening mornings this strong are rare.
Or sell only half your position and wait. Here it is now trading at 1:00 p.m.
Super Micro Computers is not usually a stock I like to trade. * Now it's end of day reading.
Options on $20.00 stocks are not usually my thing. ** An update two days later.
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