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Twenty Four Cent Boeing Calls On A Friday Morning With A Rally On The Day of Over 400 Points.

Boeing is one stock you can mess around with on Friday mornings. It can move like $5.00 in one day and it's last day to expiring Calls and Puts often pay off big time. Here I am this morning looking at it's five chart. I like the fact it opened stronger and then came off. Look at these two "out-of-the-money" series of Calls that expire today. It's a gamble that requires Boeing to go up. That's why them are priced so cheap. A lot can happen in the next five hours of trading. Look at how it was trading at a higher price on the previous day. Notice the 60 and 62 percent drops in value on these "out-of-the-money Calls" in the first eight minutes of trading. Now this. Boeing continues to stall out. Now let's jump forward to the 2:50 p.m. time period. The deadline to get out is 3:00 p.m. ... So what is the takeaway? A strong market helped the outcome. The $.24 cent options hit a high of $.79 and the $.55 options we first looked at jumped as high a...
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"End Of The Day" Friday Option Trading On Tesla

Back on April 2nd I did a blog called "Two Hour End Of Week Option Trading on Tesla". In that blog it was noted that Tesla dropped in price starting at 1:30 p.m. and 42 minutes later it was $5.95 lower in price, approaching the "must-get-out" at 3:00 p.m. mandated option deadline. Put option buyers getting in around 2:00 p.m. did well on their investments. (The stock was down $20.67 on the day). Here was it's chart on that day. It was a Thursday with Friday being Good Friday.
Now let's fast forward to today's action, it being the following Friday. Tesla options had a tough start to the day. Here an example of what I am talking about. Look at the 347.50 series of Calls at 12:34 p.m. Are you able to see how they are down in price on the day? Down and dangerously "out-of-the-money".
Now this. A look at how these same options closed out the day. They charged back upwards towards the close. The $140.00 option price we were looking at below is actually a reading at 3:59 p.m. Back at the 3:00 p.m. (the deadline period for this Friday options) they were trading for slighty less but still well above the $.31 price range they were trading at back at the 12:34 p.m. readout time period.
(This chart shows Tesla trading somewhat higher than this price at the 3:00 p.m. deadline to get out).
So what's my point? When this stock starts to move on Friday afternoons traders should take note. Next weeks Call options should also become a consideration. The uncertainity as to what might happen to this company over the weekend starts to attract traders looking for market resets. The bottom line is that options on Tesla options on Friday afternoons are a reflection of forward thinkings. ** Here are two other stocks and their option I often talk about that did well on the day. 1) Super Micro Computer.
2) Netflix.
It's chart looked much the same.
End of week one-day-option trading is always full of suprises.

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