Yesterday's run up in Tesla was huge but as I mentioned yesterday, if Elon Musk does not follow through, he will go to jail. I will follow up up on that in a separate blog later. Boeing was affected by more tariff talks this morning with China imposing more tariffs on US goods. It opened down, came up momentarily and that is where to buy a Put Option today.
Tesla opened lower, ran up quickly and then sold off from the 382 area. Tesla has a tendency of moving one direction and switching during the day. Here is the chart.
Apple opened below 107 so that is where you look for a bottom. The bottom was in around 105.30 and from there you should buy a 205 Call Option to hold or just make a quick profit if the expiration is for this week. You definitely would have made some good money with it.
Alphabet (GOOGL) was also a great way to make a profit from Call Options today. With Alphabet I have found that you wait to find the initial direction and buy an option for that direction when it comes back to the starting point. I saw it ran up to 1258 and come down to 1252 in the first couple of minutes. To me it appeared to go up, but I waited as it went up again and came back to 1256 where I bought 2 Call Options. When going up, I expect it to go around 12-14 points higher. With that in mind you can set a sell limit order and it should get hit typically around twice of what you paid for it.
Tesla opened lower, ran up quickly and then sold off from the 382 area. Tesla has a tendency of moving one direction and switching during the day. Here is the chart.
Apple opened below 107 so that is where you look for a bottom. The bottom was in around 105.30 and from there you should buy a 205 Call Option to hold or just make a quick profit if the expiration is for this week. You definitely would have made some good money with it.
Alphabet (GOOGL) was also a great way to make a profit from Call Options today. With Alphabet I have found that you wait to find the initial direction and buy an option for that direction when it comes back to the starting point. I saw it ran up to 1258 and come down to 1252 in the first couple of minutes. To me it appeared to go up, but I waited as it went up again and came back to 1256 where I bought 2 Call Options. When going up, I expect it to go around 12-14 points higher. With that in mind you can set a sell limit order and it should get hit typically around twice of what you paid for it.
Today Amazon hit a new high. I would expect Alphabet and Amazon to be higher tomorrow, but will wait for tomorrow to find out what is going on.
I showed 4 different stocks to make money on options, but I would recommend only using one or two at most when shirt term trading.
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