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One Day Boeing Puts On A Friday

I realize that this type of a blog has a limited appeal. A blog in part about watching option pricings on one particular series of Puts, the 215 series of Puts move on a minute-to-minute basis on a Friday before they expire. Here I am looking at Boeing Puts at 9:56 a.m. The stock has just gone up and the series of Puts shown above have gotten crushed. Now a look at it's five day chart. This is where it will get interesting. Notice the stock has already had a rebound off a sharp morning dip. Traders who used the 212.50 series of Calls on Boeing's soft opening were already well rewarded. Only 121 contracts have traded during this period of time. Here is what the indexes are doing. So that's it. You could wager $100.00 U.S. plus commisions for one Put contract (the 215 seriess of Puts that expire in the afternoon), or multiples thereof and walk away for the next four hours or so in the hopes the stock will have a bad day. In part it's a bet on your abilities to recogni...
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Why Retail Traders Don't Play Costco Earning Reports

Options on stocks priced in the $1,000 per share price range with two trading days of life left in them are bombs waiting to be exploded. That's why retail traders can't trade them. That plus they are expensive. Earnings are coming today after the closing bell. Here is how things are set up to go before Thurday's opening. First it's five day chart.
Now it's 1,000 series of Calls and Puts. Notice the number zero in the volume of trading. This is a premarket look at the markets. Look at the low open interest numbers.
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Now look at this action. The Calls sank on the opening and the Puts charged upwards. Here first are how the Calls traded.
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754 contracts traded in the Calls. Now the Puts.
Only 61 Put contracts traded on the day. Here is a more detailed look at the same thing.
So the Puts that closed at $1,388.00 yesterday hit a high of $2,638.00 just after today's opening. Maybe it's the high cost of the options which are keeping retail traders away but that doesn't explain why institutional trading isn't catching this action. There was time just after the opening to buy in. Now this. Earnings came out after the market closed and they were in line with what was expected.
Here is a look at the five day Costco chart.
The chart now has the potential to turn into a saucer formation however it's to high of a risk to play. One week out options on stocks in the $1,000.00 range are always expensive. So let's skip forward to Friday and see how these two series of options closed the week. But first it's five day chart then followed by it's one day chart..
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Both the Calls and the Puts lost 97% of their value in one day. Both series of options had some wild trading action this week. All on an earning's report that turned out to be a none event.

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