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Exxon And Tesla One Week Options

Exxon's five day chart is obviously going in one direction. Last Friday was a strong day for the markets and Exxon jumped up even more. Here we are now on a Monday morning and this week's Call and Put options are priced equally. Which one is going to win? As usual, there is more interest in the Calls than in the Puts. Let's also look at what might happen with Tesla this week. Oct 10th is now touted as being a "make or break day" for Tesla as it will be their "Robo-Taxi-Day". I am not a big fan of trying to play Tesla options with one week to go because their premiums are so expensive. As for Exxon, I would be more inclined to follow the direction of it's recent trend. Let's watch and see what happens. To be continued. 1) Obsevation #1 on a Monday morning. Look at this. Early into the morning trading the Puts have dropped down from the $1.80 level. Can you see how tight the "bids" and "asks" are. This helps to make them pl
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A Surprise Caterpillar Jump on a Friday That Option Players Missed.

The action on Caterpillar on October 21st, 2022 defies logic. Here is it's five day chart showing Friday's action. Read On.
In the past I have said that it's stupid to be buying Call or Puts just before a Thursday's closing that expire the next day in anticipation of a rally or a sell off that day. The future market was down big time between 8:00a.m. and 9:00a.m. and then the markets opened flat and then took off. Look at how these for series on Caterpillar Calls traded on the day.
$.16 to $510.00
$.05 to $250.00
$.01 to a high of $.67. In hindsite, the tip off to this possibly happening was in the premarkets turning from negative to positive in a short period of time before the opening bell. This kind of action makes it difficult refocus. Now what I didn't show you was the 180 Calls. With the stock trading around 180 on the opening this is the option series you would expect most casual options traders to be playing. Look now at the suprisely low volume of trading on this series of Calls.
Only 146 contracts in this series traded on the day. Why didn't more players jump in?

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