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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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Lordstown Motors and Polestar

The race to go electric can sometimes be expensive and sometimes you have to do unexpected things to keep going. Lordstown has had a rocky ride and announced on Friday afternoon a new partnership. Friday afternoons are the ablsolute worst time of the week to make such announcements if there is a chance investors might reacte negatively to such news. It doesn't give the markets much time to allow this news to sink in. Mondays are better when people are more in a forward thinking mode.That's exactly what happened as you can see from these charts. But first the news.
So your taking on a new partner with expertise who also supporting the share price. What's wrong with that? Look at the money they are pouring into this company and isn't time of the essence to get the project closer to the finish line. Will this news eventually end up being viewed as a good thing? How much value do you place on this new companies expertise? It has to be worth something. Here are the January Calls with a 7.50 striking price. I am not saying to rush out and buy them. What I am saying is that this sector of the market is getting a lot of attention as of late and this could be an interesting play.
Perhaps a striking price of 10 with one year to go might be a better way to play it. Or just stay away and watch how things unfold over the next little while. This stock has had a rocky ride. Here are two other electric car events that happened in the last week.
Now Polestar and a new issue.
Look at the volume of trading on this stock on Friday, simply crazy and here are next weeks 10 series of Call options on it.
An Oct 5th update. It's not good.

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