Featured

Part Two Of What McDonald's Is Doing?

Nobody knows whats going to happen tomorrow. Let's jump forward. $1.64 or $164.00 dollars plus commissions will buy you one "310" series of Puts. In the first twelve minutes of trading only one contract traded. That just shows you how dangerous these option contracts can be. We are not talking about a one day move at this point in time. For option traders holding positions like this which were bought for quick flips an hour of watching the stock becomes a guessing game. Here it is now about seven minutes later. Note this, the pain continues? What's the DJIA doing? This becomes the path you are now on and it's to early to think about it becoming a dead end. If you still like the situation then yes you should buy more if you can afford to lose. Perhaps you made a big score on Disney Calls on the previous day. I have talked about that. Now this at 11:09 a.m. Still the same number of contracts traded. Hold these thoughts. Look at how the 310 Puts and the D.J...

Caterpillar Jumps Like $30.00 On The Opening

Here is it's chart.
Nobody used options to play it. The stock opened stronger.
Now what? The Puts? Ten contracts have traded in the 707.50 series.
. Why aren't more traders attracted to this situation? Why haven't ten or fifteen thousand contracts on this series traded so far this morning? Sure it's dangerous however the potential to make money on this trade is huge. Over the next few hours or days Trumph will mess up again and say something stupid. He is the most powerful man in the world. Let's see what happens. Now this only fourteen minutes later.
Look at the wide spread in the "bid-and-ask"? Nervousness is in the air. Now this, a look at a lower series of Put options, the $700.00 series.
When I see 100 contracts traded I get suspicious. A bigger fish is also playing these options. That doesn't matter. Going solo can be a lonely game. Let's move forward to 12:15 p.m..
Let's go back to the 707.50 series of Puts and look at how it is trading at 12:49 p.m.
I would say just get out.
I would say getting in at $13.90 and out at 20.89 is good enough when it starts to look like the stock might decide to go sideways. Here is how the markets and these Puts closed the day.
Take your profits when you see them. Tomorrow is a new day.

Comments

Popular posts from this blog

Waiting For A Drop On The Opening On Bad News - Eli Lilly

A Fireside Chat - One Year Options and Thirty Day Options. Which is Better?

Another Blog On "Vinfast"