Was Friday just an exception to the rule?

Friday was a wild day in the Markets, and maybe for many good reasons.

for one it was option expiration day, after a week long of a down market there was a great opportunity for option play!!

the market huge swing (from 125 points down to 125 points up , a 250 points swing!!) presented great opportunities in the option market for that day (day of expiration)

few examples are : aapl was down to 231 in the morning  and its 240 call for that day was at .25 , if you would predict the market swing and got 10 contracts @.25=$250 at the intraday trading aapl gained more than 13 points !! and that option was selling at mid-day for $5.90  so your $250 will cash out as $5900!!!

that was true more or less for many other active and dynamic stocks such as Goog, fslr, bidu , and more

it was a great option play day!!

Comments (1)

  1. gbarazani says:

    So are we back at the normal down trend on Monday ?

    Probably so …

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2012-02-03 17:30

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