Boeing "Near-To-The-Money" Options Baffles Me On A Friday Morning.

After a four day period of intense price changes for the stock Boeing on Friday morning presents itself as trading in a sea of calm. It's trading flat. Here is it's daily price swings over the previous four days. $5.50, $4:10, $6.00 and $5.40. One has to wonder whether or not these large daily price movements are somehow formulated into providing the Friday morning's "bids and ask". They should be. The reason I mention this is that the Friday morning's "bids and ask" in the first few hours of trading look particularly inexpensive to me. Is it because there are no scheduled press happening today?

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Now a 12:33 p.m. price check. With stock trading flat and with a couple of hours of trading life still left in these options, couldn't the stock drop down or go up another three or four dollars? That's what seems to have happened over the week.

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Now this at the end of the trading session.

At 3:00 p.m., the time these options expired the stock was trading at $234.27. That in turn caused the 232.50 series of Calls to be worth just under $1.00 a contract and the Puts worthless. The rally in the stock's price near the end of the day only modestly helped raise the price on next week's 232.50 series of Call options shown below.

Is there a lesson to be learned from this? Yes, I have witnessed in the past the same kind of pricing patterns. It feels like the game is fixed when you see it happening in this way. Be wary if you see "one-day-last-day" options pricings almost to good to be true. Now this, one series of "at-the-money" Boeing Calls trading on the following Friday. Boeing jumped on the opening and they gave back the gain. You should be monitering this kind of action.