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Walmart - Trying To Outsmart The System

I don't know if it is going to work. Buying a Call and an offsetting Put on the same stock with the same striking price with two days of trading life left in them. The logic is to sell one of the two if it gets a double or more, (hang on as long as you can), and earn a free ride in an offsetting change of direction. Look at this five day chart and you might see how this train of thought developed. Now a look at one Call series and one Put series. These options both have two full days of trading life left in them. Here is it's five day chart which looks like it might break out. It really takes a share price move of over $2.00 quickly, to make this a fun experience. Options priced in the $1.00 range can suprise. It also could be a total bust. Let's follow this action and see how it all plays out.Thursday morning. Here is the early morning action. The Puts really performed. Can you sell out of both postions and take a profit. Hold that thought. Might it go lower? Here is ...
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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.

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