By: Tom Gentile
on January 17th, 2023
Here we are at the midway point (give or take a few days) of the first trading month of 2023.
On January 03, 2023 I provided images of the Morning Reports lists for all the option categories that comprise those lists.
I have done this many times before in these Daily market Insight articles and what I thought would be nice to do is give a look at that those options have done since they were shown coming up on these Morning Report lists.
The purpose is to see how they have fared and if the activity on these options worked out or are working out.
That is an idea behind these Morning Report lists. See where the options activity is on these options and consider if they are ones to pursue or not.
Some may work, some may not. The way I see one should use these lists is as a starting point to finding an opportunity. Discuss with your brokers what they and you feel about the underlying security and if you want to pursue the options on them.
Looking at past history may give some confidence in them or help decide which options or the security the options are on aren’t worth your time or money.
An Update on AAPL Options that Made the List the First Trading Day of the Year
You can look up all the options on those lists from a past day and see what they are doing or did, but we will take a look at the AAPL options from the Unusually High Call Option list as a means to show what this exercise is all about.
This is what was written on January 03, 2023, on AAPL: The Highest Option Open Interest and Highest Option Volume lists show an AAPL put option at a different strike. Puts suggest a bearish viewpoint on AAPL.
But if you look at the Unusually High Call Option Volume list it shows an AAPL call option.
Unusually High Call Option Volume AAPL Then and Now
Then: AAPL January 19, 2024, $115 Call was shown at $2.95
Now/Today it is at:
Quite a nice run in AAPL and the call options reflect that as well.
This is not a promise they will all work out like this, but nice to know a situation like this is possible.
Continue to use the Morning Report lists if for nothing else a place to start searching out opportunities.
App: Toms Option Tools
Market Insight articles may show images of lists of stocks meeting a variety of options parameters like Unusual Call and or Put activity or Expensive IV found on my app Toms Option Tools.
Other times I will have other charts may work to amplify my educational points.
Those options data lists, however, can be found on my app Tom’s Option Tools. Use your device to search up and download this app and get free access to the Morning Reports section of the app.
Other parts of the app are available at a premium subscription rate, but the Morning Reports Lists are yours free.
Stock and options trading has large potential rewards, but also large potential risk.
You must be aware of the risks and be willing to accept them in order to invest in the stock and options market. Do not trade with money you cannot afford to lose.
This is neither an offer to buy/sell/ or recommend a particular stock or option.
Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been actually executed, the results may have under or overcompensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with hindsight.
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