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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.
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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 ine 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 outweighed any potential reward.
If we now go back to our friend, the stock named Ford. We can see how it jumped again on the opening which caused the "last-day-of-expiring-Puts" to shrink in value on the opening, only then to return a nice profit as the trading session lingered on.
Buy in on the opening at $.13 cents and get out at over $.50 cents. Day trading on "last-day-Ford-options" during the week of one of it's quarterly earning reports is often one of the times to focus in on this type of action.

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