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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.

Tesla. One Day Calls On A Day the DJI Jumped Over Four Hundred Points On A Friday

Call it window dressing. It was the last day of the first quarter of the year. I forgot how that works. Institutions sometime collectively bid up the stocks that they are invested in a last minute attempt to dust upwards their quarterly performances. Look at the one day Telsa Calls. They jumped a touch on the opening. Even after they jumped on the opening it wasn't to late to get in.
Then what?
At 9:54 a.m. the 200.00 series of Telsa Calls were trading at $1.14 per contract. Over seventy thousand contracts had traded. Now look at the chart of how Telsa traded on the entire day. It kept going up.
Now guess what they closed at and look at the increase in the volume traded.
How good is your memory? Use this tip every March 31th going forward. It might make you a couple of thousand dollars. Three final comments. 1)
Tesla for now is the king of building electric vehicles. How can the small guys make money in this new industry? It's hard. 2) You can't randomly expect to purchase random Call options on Tesla every Friday and expect to make money everytime. Here is a trade I made a week ago on Tesla trying this same strategy and I lost.
3) Read the second blog I ever posted on this site back on Sept 23nd 2019. It was about trading Tesla three different times on a Friday as it blasted upwards in price. Tesla Calls on a Friday should rank as being about a number "7" on a current options players list of top ten strategies. 4)****** An April 15th update. I want to mention one this that makes trading on Telsa so unique. It has to do with the bids and asks.
There is only a three cent spread between the bid and ask. That makes getting in and out so much easlier.

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