Tesla. If You Want To Learn About Extreme One Day Option Trading Then Read This.

It's Thurday morning and we are looking at Tesla Calls that expire tommorow. the stock is down just over $5.00 on the opening and this series of Calls are down 52% on the day. To me, given how volatile this stock can be these Calls are cheap. Now it's Friday morning five minutes into the trading session. Good news for the Call holders. What does it's chart now look like? Can you take some of your profits and play it the opposite way or do you just walk away? If your in this situation what do you do? Play the Puts and hope for a reversal? ... .. The Puts dropped from $2.68 to $1.15 fifteen minutes. Now this eleven minutes later. The Puts are rebounding. Now they are down again eight minutes later . Now this at 11:44 a.m. I would think at this point in time most traders would call it a day and would want to skip the afternoon action. I would. To be continued. Here is how Telsa ended up closing. Getting out at noon was the correct thing to do.