The Dow Up 457 And the Nasdaq Up 460.70

Look at these gains today. Today is a Thursday. Meta is up $18.04, AMD is up $17.49, NVDA is up 110.55, AMZN is up $6.00, ELI lILLY is up 23.75, SUPER MICRO is up $241.52, NETFLIX is up $15.12, COSTCO is up $11.38 AND MODERNA is up $11.85. Gains of $110.55 and $241.52 in one day on two stocks! What's that all about? Well warning bells should be going off. We must be at a short term top. Three stocks stand out to me that are having changing stories. 1) Moderna. 2) Rivian. 3) Lucid In these crazy markets a lot of these stories get buried. Option players in these markets are getting whipsawed and it is getting to be to difficult a market to play in. Once this final round of earning reports are over things should get back to normal.

Part Two of Why Tesla Is An Easy Stock To Blog About

I will try and make this blog as simple as possible. My question is would you be buying a slightly "out-of-the-money" Call option on Telsa at 3:59:57 p.m. on a Thursday afternoon that expires the next day after the D.J.I. has dropped over 500 hundred points on the day and after Telsa dropped over nine dollars on the day? Has anyone ever asked you that before? Would doing so be out of your comfort zone? As a backdrop to this question you might want to read my last blog. Look at this. It's the one day chart showing how Tesla traded on the day on Friday March 10th, a day when the D.J.I. end up closing down again over 300 points.Talk about rough markets.
After it's previous days demise of over nine dollars a share it actually went up a touch in the morning opening and then drifted sideways for the rest of the day. The "out-of-the-money" 172.50 Calls closed on Thurday (the day before) at $2.97 a contract. Now look at this printout showing how they reached a high of $4.50 in ths first thirty minutes of Friday morning trading.
They actually did go on to reach a high of $590.00 on the day. Here is how this series of Calls traded on the day and then closed.
A recap. In my last blog I said don't buy Call options on Thursday mornings that expire the next day. It's best to wait until the end of the trading day. Tesla Call and Put options are currently the most interesting stock options in the world. Playing them is not like throwing darts at the wall.


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