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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. I missed tracking the action but this is what happed.
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Options On A Monday Morning On Nvidia That Expire At The End Of The Day. Options On A Wednesday Morning.

Options on Nvidia are widely traded. There are options on it set up to expire three times each week. Monday, Wednesday and Friday. Nvidia is on a terror as earnings keep skyrocketing upwards. Here are it's thirty and five day charts.
Imagine buying last weeks Call options on the close last Wednesday and getting out on Friday? What a score that would have created. Now look at Monday morning's trading action.
Now shown above is how the stock is trading on the opening. It is up. Didn't it's perky chart look like that might happen? These are "step-up-charts" which you don't see very often.
It's 220 series of Calls are up 271% twenty minutes into the trading action on 110,800 contracts! But wait. We first started looking at the 215 series of calls however suddenly we are tracking the 220 "out-of-the-money" series of Calls. What's that all about? Can you see how dangerous a game this can be considering that these are "last-day-to-expiracy options". I can't go running all around town telling my friends to buy "last-day-to-expiring"-"out-of-the-money" Calls. Now this observation at 10:02 a.m. which is about twelve minutes later. The stock is giving up much of it's gain.
We could follow the progress of this stock all day but let's just jump to the end. Here is a closing reading on both the 215 and 220 series Calls.
First, look at the volume of trading in the 220 seris of Calls. It's a crazy high number. It's not like watching options trading on Caterpillar where 40 or 60 contracts on "near-to-the-money" and "just-in-the-money" would be trading. 2) Here is it's one day chart. Look at the opportunity to also play it on the downside starting at 9:40 a.m. and ending at exactely 10:00.a.m.. Could this be Ai trading kicking in? Previous blogs as of late have mentioned pivotal turning points at times like 9:30:00 a.m. and 10:00 a.m.. 3) Of the three different expiracy dates on this stock (Monday, Wednesday and Friday) In my opinion Monday expiring options are the best ones to watch for morning bounces. Let's move forward to the opening on Wednesday. The premarket indicators look like another strong opening.
Yes there are Wednesday options on it expiring today and the premium on the 220 series of Calls are $1.70 over the stocks previous day's closing price. In a way this makes it a super dangerous game to be playing. Here is it's five day chart also showing how the stock opened.
Now the 220 Calls again.
Once again, what a dangerous game.

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