By: Tom Gentile
on March 8th, 2022
Intra Day Price Volatility in the Stock Markets
The stock market had a roller coaster type of day today.
Let’s talk about the ‘Diamonds’ for example. The SPDR Dow Jones Industrial Average ETF Trust (DIA) opened up and traded down in price almost from the get-go.
After President Biden spoke about sanctions against Russia the market started to lift off and ran higher in price peaking at a price difference of up close to 6-points higher than its previous day’s close. That’s about the same as a close to 600-point gain on the Dow Jones Industrial Average Index.
But alas it did not maintain those gains on the day, and in fact the markets reversed course for and saw prices close near the lows of the day.
Does the Price Pattern on this Unnamed Stock Chart Look Familiar?
It looks similar to the big three indices charts I highlighted in my previous day’s Market Insight.
This chart shows a stock that, like the others shown in the previous day’s article needs to hold the support area it is near otherwise lower prices are possible.
Apple, Inc. Shows Up on 2 Tom’s Option Tools Morning Report Lists
It is a chart on Apple, Inc. (AAPL) and technically it has and is trading off its highs right now.
Even with that technical picture looking at risk of lower pricing to come, there may be enough optimism from options traders to give indication AAPL may not slide.
If you are looking at where the most options Open Interest (OI) and Options Volume (Vol) are, AAPL sees it’s March 18, 2022, 175 Call as the highest OI and their March 18, 2022, 165 Call as highest Vol.
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.