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Walmart - Tight "Bids and Asks" Is An Admirable Feature

It's chart looks horrible... It's Wednesday morning at 10:30 a.m. which is one of the very best days of the week to be looking at options on stocks which will be expiring on Friday afternoon. I have said that often before. I also like it when the option makers for Walmart stand true to game with tight bids and asks. What this means is that if they see extreme price swings starting to happen they don't freak out and allow large gaps between the bids and ask and questionable fills. You might not understand what I am talking about. It's a nice stock to trade options on and getting "in-and-out" of option positions on it tend to happen seamlessly. Look at the open interest in this series of options. It's next to nothing. On Monday there was this news. Costco is feeling the same pain. Is there to much negative energy and confusion in this space? Time will tell. To be continued.
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A Scenario For Insider Trading.

I think something suspious happened today but I have no proof. It's what happened to Boeing Calls. First it's one day chart, on a day the D.J.I.A closed down 453 points.
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Can you see the stock spike at 1:18 p.m.? What was that all about?
Why on a Friday afternoon? That is when there are Call options expiring in a few hours. That's when anyone privy to this infornation just prior to it being "hot-off-the-press" would be buying in.
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One could say that this was an anticipated event with teams of employees at Boeing negotiating terms and conditions of this sale. They would be in the know. If you think about it the release of "purchasing news" like this should be limited to happening only when the North American market's are closed. In that way news like this would have more time to be disseminated and a greater number of existing shareholders could plan to use this event as an exit point. Thus the jump in price potentionally would not be that great. But what about situations like airplane crashes, gold mines having tailing ponds burst and factory workers going out on strike? I guess market trading is what it is? It doesn't always seem fair. I especially don't like the timing of Friday afternoons for news releases. It opens the door to insider trading. If this Boeing annoucement was released on a Thursday instead of a Friday the Call options mentioned above would have cost double or triple the price than what they cost on Friday afternoon because of the time value part of the equation. Insiders would have then had to put up more capital to be part of the game. That's the way I see it and a company as large as Boeing should know better. Kelly Ortberg their CEO who makes something like twenty million dollars a year was asleep on the switch on this one. I have traded the option market for almost fifty years. Insider trading in option trading is one of my pet peeves.

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