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Tesla and Deere Going into a Thursday Morning.

Are you able to remember my blog last Friday talking about Tesla dropping $19.00 in one day and it's Puts jumping up a zillion dolllars? Here are the closing numbers on Tesla and Deere today, Wednesday September 11th. They are difficult to read but Tesla closed at $228.13 and Deere at $388.59 Now look at the sightly "out-of-the-money" Calls on both of these two stocks which expire at the end of the week. Now the Deere Calls. .................. Now look at their one day charts. Remember I have repeatedly said that Wednesdays ( in the context of trading one week options) are the best days of the week for turnarounds situations. Look at the one day charts and look at the gains on the day that both of these option series had. They both took off on the upside after a morning dip. I will continue to track the movement of these two series of Calls over the next two days but the context of this blog is a blog in itself. Wednesday once again can be turn around days. Happy tr
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Apple Again... A Strong Option Trading Stock Some Players Exclusively Play

Trading Apple Calls and Puts can be a full time, do nothing else adventure. Massive volumes trade on these options. Large swings follow the "at money" Call and Put options which means that if this stock is trading at 133.50, the minute to minute action will be the options with the 133.00 and 134.00 striking prices. It's Friday morning thirty minutes into the day. Apple closed the previous day at 133.41. The 134 Apple Puts which expire today closed the previous day at .90. So what happened next?
Apple came off in price on the opening which was a continuation of it's previous day's trend. Then, about ten minutes into the market the opening strenght of the market became apparent, a 200 point opening rally. Look at the value of the 134 Puts. They dropped to a low of .61 as Apple started to rebound slightly. Then another reversal as Apple decided to move down again. The Puts jumped back up again to over 1.00. To recap, a two hundred point rise in the D.J.I. on the opening "lifted the boat" so to speak on a series of Puts that started the day following the downward momentum of it's previous day's trading. A fifteen minute trade on the opening presented itself. That's what trading Apple options is all about. As the trading continued later that morning the logic of what transpired in this short period of time was quickly forgotten. My point is that it's this first half hour of option trading on every Friday morning which is the climax of option trading for the entire week. My June 4th blog, "Working the Markets on a Friday Morning..." shares this same sentiment. A 10:45 update. Look at how the logic of the first part of this blog gets totally obliterated as the trading day continues.
In only a matter of minutes the bid .89 ask .94 we saw at 10:03 a.m. shrank down to bid .45 ask .48. That's one of the reasons I was happy to get out of my position in this yesterday. Now here is how this option series finished out the day. They closed at .78.
**** A look at Apple one day later on June 28th. It's a new ball game! At the same time the markets are tanking!

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