Disney at 11:04 a.m. On A Monday Morning.

Disney jumps on the opening and it's Put options deserve observation. Monday mornings can be periods of excess exuberance.

Now this.

Now this.

And now this, a higher prices Put.

Now this an hour or so later.

Now all three Puts at 11:18 a.m.

The 111 Puts which were slightly out of the money went from $1.10 to $1.78. Now the 110 puts which were deeper out of the money.

They went from $.72 to $1.25. Finally the 112 Puts, the ones that were already "in-the-money". They went from $1.53 to $2.55.

Was there any news? Not really. Don't be afraid to play in Monday morning options. Here is how Disney closed the day.

Getting out was the thing to do. Tuesday, let's continue. It's a new game. Let's flip to looking at the Calls. The game has slightly changed. Now we are looking at four day to expiring option. Disney is flat on the opening trading. Could it start to rebound back upwards? Are the 110 series of Calls something to be looking at? Here they are.

Here is how Disney is trading on the day.

As a reader looking at this situation do you think playing it on the upside is now the way to go? If it goes up a little bit would you be conditioned to be getting out? Maybe. It would be an easy interday trade. Careful daytraders like to have most of their trades done in short time periods like this.

It did go up enough at one point in time to sell out and make a little bit of money.That's what day traders do. Let's see what happens.