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Step Down Charts And Short Term Options. Nio

Here is a classic "step-down-chart" with one minute of daytime trading life left in them before the markets close at 4:00 p.m.. The stock is Nio. ... This printout of "in-the-money" Call option also shows one minute of trading life in them before the market closes. It's Tuesday and these Calls expire this coming Friday. You are purchasing three days of market trading life. To purchase one thousand shares of this stock would cost you $5,750.00. To purchase options that control the price movement of one thousad shares of this stock for three trading sessions would cost you $370.00. ( Ten contracts at $.37 each). These Calls are also currently $250.00 "in-the-money" which means if the stock totally goes flat for the next three days your options will still have that amount of intrinsic value left in them. Now think about this. Many option accounts in the U.S. enjoy free option trading and there are discount brokers in Canada who can save you money. A fl...
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Is Boeing Doing a Swan Dive?

The company is running on all cylinders. It has more orders than it can handle.
Now look at how it is trading on the opening.
There seems to be selling pressure on good news. The D.J.I.A. is not doing very much and it's a Thursday at 11:00 a.m.
Now a personal thought. Thursday morning are one of the worst time of the week to be looking at Call options that expire on the next day. Period. That said, look at these "in-the-money" Boeing Calls that expire tomorrow. Buying "in-the-money" Calls on a falling stock can be a heart-rendering experience.
. Now let's move forward by about forty eight minutes. What do you think could be happening?
Charts like this can now start to wander. These could be dangerous options to be in. Now this, an end of day reading. Let me first ask you a question? Do you think Boeing will go up tomorrow? Might it do the impossible and jump up five dollars on the day? What I forgot to mention that the next series of Calls on it higher up, the 217.50 Calls have a wider following and are cheaper to buy. For now, here is how the 215 series of Calls closed the day.
For some traders the gain from $2.93 to $4.50 was all that they wanted to see. In this case buying and selling on a Thursday turned out to be a good experience. That plus if the markets wobble on the opening these ones might start to look attractive again. Now Friday at 1:00 p.m.
It all makes you wonder why it sold off to much yesterday. Here now is it's full five day chart.
Friday mornings like this are rare.

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