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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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Boeing Puts On A Friday Morning Oct21, 2021

Some people watch t.v. shows like Star Wars on Friday morning while other people watch the markets trade. I am of the later camp. I blogged all week about Boeing and talked about how the U.S. government is breathing down it's neck, ready to chastise them for any move that they make. Is this mornings upward move substainable on the day? At 10:00 a.m. look at the position Boeing is in. First, here is it's five day chart.
Now here is the one day chart as of 9:54 a.m.
Now here is how the Put options were trading at 9:43 a.m. Note this is a readout about ten minutes earlier when Boeing was still charging up. Somewhere a few minutes ago they even traded for less.
Now look at where the Put options are trading at 9:54 a.m., exactly thirteen minutes later. Look at the volume creeping into this series. Boeing has dropped seventy one cents over this period of time.
Now a second look at 11:00 a.m. The value of the options is little changed however the volume keeps rolling in.
Now a look at this action at 11:11a.m.
Now look at the 1:10 p.m. activity. Look at the new price and look at how the volume of the open interest continues to increase. It will be interesting to see when Put option players will start to bail. I would think now would be as good as time as any.
So here is the end of day action on the Boeing 215 Puts.
This is what option trading on Fridays is all about. ** to see the most recent previous blogs scroll up to the top and click the button on the right.

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