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One Day Puts On The Stock Eli Lilly At 2.31: p.m. On A Thursday Afternoon

The DJIA is up 850 points on the day. Eli Lilly has jumped $50.00 on the day. Happy days are here again. If the markets cool on the opening could the stock give up some of these gains? Could it give up 25% of what it gained today?
Now it's five day and one day chart.
$850.00 for a Put on a stock that has jumped up over $50.00 in one day. It's a Put that expires tomorrow. Is this a recipe for failure? At 242.00 p.m. the DJIA is up 899 points.
Now the action at 2:47 p.m.
Now this. In at 2:31 p.m. if you like and out at $850.00 and out 38 minutes later at $11.00. That's a gain of $250.00 and all you did was skim a small gain off a hot market.
Maybe that could be your trade of the day to avoid all of aggrevations of what might happen next. It would be catching the tail end of a 950 point rally in one day. That in itself is not a bad strategy. Now a 3:30 p.m. update. Another small gain.
Let's see what happens tomorrow.

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