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Why Not To Buy Not Rivian Calls With Two Days to Go?

It's obvious right? If you mess up and the stock opens the wrong way you only have one day for a rebound. Why put yourself in that position? Others might be in the camp of saying why not go for a fifty percent rebound on Thurday's morning opening. The stock sold of on Wednesday on very little volume. A morning pop is possible. The stock has being strong as of late. Here is it's five day chart. Now this, the seventeen series of Calls that expires in two days. They do look cheap after hitting a high of $1.55 on the day. If we look at a 30 day chart we will see that the stock is still in an uptrend. Why not look at the Call options one and two weeks out? Here are the seventeen series of Calls one and two weeks out They would be much safer to play and I will check in on these ones at a later date. So what happened on the Thursday opening? Let's switch gears for a moment and look at how Roku, a much higher priced stock opened and look at how their Call options moved.

Ffie - Electric Vehicles And an August 16 th and August 28th 2023 update.

See my December 12th blog about this stock. Here is today's action.
Look at the volume. 140 million shares traded. That kind of volume is going to show up on multiple tracking systems.
A March 7th update. It's now almost half price. Last week it was the tenth most actively traded stock on the Nasdaq by share volume. It's often on this list.Then again it was the second lowest priced stock on this list of twenty companies.
Read the news on it. Most of the electric car companies are now burning up cash except Telsa. It's not a fun business to be in during the start up phase.******** Now an August 2023 update. It's still going, not much has changed. They did sell one car. They made a video of the sale.
One sale will not pay the bills so now they added a new twist to things. Read their new job title. AI stuff. Stop.Stop. Stop. These are all junk stocks. Look at the volume, a lot of people seem to like to trade them. Trading volumes are always crazy high.That's one of the things that makes this stock somewhat unique.I don't like this stock because it's track record is not great and it's going need a lot of money to get to the next stage. If it does get there then there are still are are no gaurantees. It's always a high risk business.
The August 28th update. A reverse split had to be done.
This is a game changing move. All the penny stock traders are suddenly kicked out of the game. No longer are we going to see this name of the list of the most activity traded stocks. Remember Westport doing a 10 for 1 reverse stock split? It's tough going for any stock after that happens. **An August 28th update.
A 23% drop in one day is huge.

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