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"Nio"

Four years I was writing blogs about "Nio" when it was trading at $22.00 per share and building less cars than it does now. Now I ask this? Are these $5.00 Call options on Nio which expire in three days a trap? $5.00 options with three days to go are not for the faint of heart. Other option traders seem to be following this action. I like this chart and three days in option trading is a long time. .. Let's see what happens on the opening. Now Wednesday at 10:17 a.m. Take your money and run. This was a case of banking on a continuation of morning rallies. The charts kind of told us that might happen.
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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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