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One Day Boeing Puts On A Friday

It's 9:56 a.m.
Now it's five day chart. This is where it will get interesting.
Notice it has a rebound off a soft opening? Traders who used the 212.50 series of Calls on Boeing's soft opening were already well rewarded.
Here is what the indexes are doing.
So that's it. You could wager $100.00 U.S. plus commisions for one contract or multiples thereof and walk again. It's a bet on your abilities to recognize chart formations. Now this. If you bought in and a small gain materializes in a matter of minutes do you take it? Sorry. It's now 10:46 a.m. There is no gain. That opportunity never presented itself. In fact these $1.00 Puts we were once excited about dropped down at one point in time to $.42.
..
If you signed up to be part of the action can you see the mess you are now in? Here we are seven minutes later and things for these Puts are starting to get a touch better.That's how quickly things can move.
Can you see at this point in time how dangerous these options are? Is all of this a reckless game? Is this the agony one has to endure before one starts to see some form of light at the end of the tunnel? Hold those thoughts. It's now 11:00 a.m.
Now this 11:18 a.m. readout. These Puts have come back to life!
The Puts made it up to $1.43.
At this point in time do you take your money and run? I would. Are you able to see a degree of luck involved in catching the right timing. These options are hot potatoes.
Things can go flat on Friday afternoons. At 11:30 a.m. we are all back to where we started.
This wasn't a fun ride.To be continued.

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