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Tesla - One Day Options. Not Your Typical Read

This blog is going to be a tough read because it tries to track Tesla's early morning option trading in the last day of trading in the October 18th 220 series of Tesla Calls. Critics of "one day" options are having a hayday in pointing out these "one-day-to expiring" options are a mockery to concept of sound financial investing. Here is Tesla's premarket trading price in the 220 series of Calls at 9:29 a.m. on Friday Oct. 18th. They are flat. Remember last Friday was an exceptional day for the Tesla stock with it being hit with a $21.14 drop on the day. Do today's traders remember this? Probably not. Why should they? It's a given this stock can be volatile. Option traders playing the downside last Friday on Telsa made out like bandits. Now it's 9:31 a.m.reading. Up only eleven cents. Option traders are in a period of time where they have to deal with early morning trading jitters. Is there a glimmer of hope that this stock might bounce up one
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"Big Fools - Gamestop - Stuff"

Look at this chart and I will tell you what happened.
One day back in January of this year "Elon Musk" inadvertently referenced the wrong stock called "Signal Advance Inc." and as you can see it went crazy. Instant profits for some lucky shareholders. The chart doesn't tell the whole story. If you look at the January 11th printout what you will see is that the stock started the day at $7.49, went to $70.85 and backed off to close at $31.51.
Now here is where it is trading today, down in the $2.20 range. It traded 2.3 million shares on Jan 11th, the day of it's high and now it trades on avarage something like 12,000 shares a day.
Now here is the "Gamestop" chart. It's taking longer to crash down to earth.
Next is "Sernova Corp.", a London Ontario based stock. On January 7th it was trading at .62 cents and ten days later on Jan 17th, 8.7 million shares traded in one day and closed at $2.42. Now it's backed off in price to $1.48 and traded 313,000 shares last Thursday.
Yet another one that recently rallied is "EYES", "Second Sight Medical Products". It was $1.43 on March 3th trading 784,000 shares that day to then reach $15.48 on March 8th trading 107 million shares. Now it's sliding back down again.
Finally, I want to mention the little "Sarnia" based rubber bullet company named "Lamperd Less Lethal Inc." A few months back when the riots were happening at the "White House" and cops were out in the streets carrying "Lamperd Less Lethal" made shields the stock surged up to the .07 cent range on huge volumes. Now it is back in the doldrums again.
It's these types of absurdities that help to make the markets interesting to me. ^^ Scroll back up to read by most recent bogs on "Boeing".

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