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Trumph Picks A Friday To Change The Rules.

This is kind of dirty pool. So the stock and options jumped on this news. Did Trumph's cronies get in on this action? It's difficult to tell as they could have got in a few days or a week ago and they could have bought Call options with longer term expiracy dates. Or his stockbroker cronies could have bought the stock to also profit in this gain. Certainly the authors formulating these policy changes were part of this action. In all fairness I can't prove that insiders profited from this Friday event. Yet here is the thing. Releasing this kind of news on a Monday or Tuesday would mitigate this kind of an event from being as impactful as it potentially could be. Option premiums shrink in value the closer you get to their expiracy dates. Lawmakers know this. They should know better than to allow this to happen. No government policy changes that will directly effect the stock market should be allowed on the trading days of the week when the majority of short term Call and P...
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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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