Looking At A Struggling Chart On A Morning When the DJIA Is Strong. Lowes.

So here is a chart which caught my attention.

It's Wednesday. The DJIA is up.

If the market runs out of steam could these Puts be something to play?

It's 3:36 p.m. and the DJIA is still up. Lowes is down with trading trading volume in the Puts very light.

The Puts have jumped in price.

Just try and get out at a decent price and count your money. What I don't like for these Puts is that the markets are still strong and this strenght could carry over into tomorrows markets.

Mid week option trading can often turn out like this. Go for a jog or have a beer. Look at the markets with fresh eyes tomorrow and forget that this trade ever happened. ****** Yes the Calls are now tempting but during the mid week action it's often best to stay away from overnight positions.

Let's check back on this tomorrow to see if these thinkings were correct. I am not a big fan of big box retail stores like this.