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Options On Stocks In The $17.00 -$18.00 Range Are" Perky". The Stock in Play Is Rivian

I don't like playing options on stocks in this price range. It's exhausting because you have to watch them so closely. Look at this action today on the Rivian $17.00 series of Calls that expire in three days. . With this kind of chart a double in a Call price would have happened somewhere between the 10:30 a.m. to 11:30 a.m. time period. As a reader you might look at this statement with scepticism and say how could something move in price that much in one hour period of time? It's the leverage created by having a $17.00 stock swing fifty cents in one hour. The difficult part is in how to figure out when such a move is going to happen. Now look at today's price swing in one series of Lucid's Calls. . Tomorrow will also bring price swings. Let's continue to watch this series of Calls to help us get a better appreciation for mid week option trading on short term Call options of stocks in the $17.00 range. Now Wednesday. .. This action is somewhat unusual however...
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A Four Minute Intro to Nio

Last week Ford was the second most active stock traded on the NYSE by share volume. It closed at $17.83, down 1.2% on the week. Nio was the fourth most active stock traded on the NYSE by share volume.That's an accomplishment in itself. It closed at $20.94 down 9.8%. Here is a picture of one of the electric cars it races. It is the fastest electric car in the world.
Here now is some company news.
Now let's look at it's trading history starting with a three year chart and followed by a one year chart and then finally a one week chart.
Might this stock, and Ford start to rebound back up in the first quarter of this year? It's chart isn't particularly attractive but the story behind the chart seems to be good. The stock's price got ahead of itself. I will be tracking the Call and Put options on it this week. *** I am not a fan of purchasing Calls or Puts with one week to go on stocks in the 20 price range. The premiums are to high with only five trading days to go. Tuesdays or Wednesdays are usually better to play the swings in conjunction with what the indexes are doing. Here now is a look at the Nio 20 series of Calls and Nio 20 series of Puts going into the opening on Monday morning. When playing these options one should be looking for short term swings and the near constant danger is that the stock might move a dollar putting you in a position which then goes offside and then never comes back again.
The liquidity in these options is excellent. A Monday update. It's up.
Now here is how the stock end the day (a Monday) and here is a look at the twenty series of Calls and Puts.
The Calls doubled in price in one day and the Puts lost 2/3ths of their value. All on a down day. This is the action that I am talking about.

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