Tesla Calls Are A Different Animal. l Watch The First Hour Of Trading On A Friday Morning
Here is Tesla's one day chart on Thursday. Now hear is how the 440 Calls and Puts closed the day on Thursday. The 430 Calls cost $5.25 and the 430 Puts cost $4.97.In the premarkets just before the opening it was up. So what happened? Well the Calls doubled in price and the Puts obviously got beat up. ....... The Puts really got beat up. As a Call holder you can walk away and say thank you. That's what trading Tesla options is all about. You took a risk and you deserve a profit. Part Two. Thinking about playing the downside given the stock is up. Look at this printout of the Tesla 450 Puts which is more reflective of where the stock is now trading at. It's 9:38 a.m. in the heat of the action when the stock is still surging up. Would it be wise to think about such a move? Not really. It's still early in the trading session. Let's see what these Puts are doing 26 minutes later. Telsa at 10:24 keeps going up. The 440 Calls are even higher in price now. All th...
