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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.

Last Day Options Can Suprise. First Solar

Look at this chart (July 28th ). It's the early morning action on First Solar after an earning report.
Now look at this chart. It's a five day chart of the same thing.
The earnings were good but the stock spiked up and came down again. What was the news to cause it to drop? I looked around and couldn't find anything and the D.J.I. was have a good day. What to do? One day Call options are so dangerous and I was completely out of the loop as to why the stock was trading this way. Why the downward pressure? Here is what I did.
In and out in less that ten minutes for a $90.00 gain. Had I waited until noon and sold out then I would have lost over half my money. Now here is how it closed out the day.
Now a look at it's one day chart.
Why am I showing this? Well look at where the stock was trading at noon. The rules say that if your trading a last day option you have until 3:00 p.m. to get out and not 4:p.m.when the market closes. Who wants to fork out money to try and catch a three hour ride when most traders are off to the beach? Now look at this. This series of Calls closed at $8.10.
Sure it's easy to make calls like this but there was no talk of why the stock sold off after it popped on the opening.I got out at 10:45 a.m. and at noon it was trading lower. It was at that time a stock without direction and one to dangerous to buy back into if your time horizon was only three hours. This entire experience was strange. *** The low of the day in this series of Calls happened at 12:02 p.m. That coincides with when many short term option players call it a day after trading all week.
** Joe Biden was busy all week touting solar and wind power.

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