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Micron Technology. A Nervous Market With Big "One-Day" Option Swings

It's Friday July 31st. Look at this stocks one and five day charts and then look at how one series on Puts which expire today struck gold. First it's one and five day chart. ... I don't know much about this stock however this blog follows the last blog on the topic of buying Puts on spiking stocks. Look at how this one series of Puts below has reacted on this one day selloff. Had I picked a series of Puts further "out-of-the-money" the gains would be even more remarkable. Look at the low of the day which happened on the morning spike and look at where the option is at now! Yet wait the game is not as easy as it looks. How often does a stock drop that much in one day? Not very often. Look at how Apple dropped like 30 points after an earning's release and this series of "out-of-the-money" Puts merely doubled. It could be argued that risk involved in making the trade outweighed any potential reward. If we now go back to our friend, the stock name...

"One Day Options" With Both Tesla and Nvidia Having Options On Them Which Expire Today

The war is over so says Trumph and both of these stocks jump on this good news. Here are their one day charts. First Tesla. It closed at $406.43 and jumped to over $412.00 in the first four minutes of trading.
Now look at two series of it's Calls, Calls that expired this afternoon.
Once again, the best action of the day happened in the first four minutes of trading. Nvidia also spiked on the day. This time we are only going to show one series of it's Calls.
The D.J.I.A. was up on the day.
The markets don't get much better than this. It's also a case of getting outnwhenever you see a profit. In this case the big money was made by option traders purchasing Tesla "Calls" on Friday that expired today. Go figure with Space X doing so well.

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