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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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Nio Calls. Please Read My November 18th Blog First.

It happened again.
A little drop on a weak Monday morning opening and then a rocketblast upwards. I my last blog I called it exhausting.
All this action happened in the first thirty minutes of trading. Was it news related? No. The disemination of news can't happen that quickly. If you like playing short term dangerous options then watch this stock closely.
Here is it's end of day readout. Tomorrow the same craziness will start all over again.
A Nov30th update.
Now the entire day.
173 million shares traded on the day! Trying to play options on them with two days now to go would be tough. * A Friday review and a reason for all of this activity.
Remember this stock once traded much higher. *** A December 10th update. NIO was the NYSE most active share traded by share volume. It is one to watch.

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