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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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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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