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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.

Blackberry and Home Depot - The Storm on The Horizon

Is the party just starting or it is soon to be over?
The volume of trading was down today. I don't like trying to make calls on situations like this. I know that back on Nov 5th 2022 when the stock was at $4.41, I wrote a blog on this company and called it "How Long Will The Wait Be For This Company To Turn A Profit". The stock has struggled for a long time. On a different note what happens when hurricanes hit Florida? Home Depot can pop.
We have witnessed some pretty wacky weather lately and hurricanes might be next on the list. How does anyone try and make sense out of any of this? You can't. It's best to walk away. But what do I know? A Sept 1st update. Here is it's five day chart. This weeks Calls that expired Sept 1st went up in price all week.
**** A Sept 7th Blackberry update.
The struggle continues again. **Sept 11th
Is all this really welcoming news? * One week later, the stock now at $5.39.
Bad news on Oct 5th.
Management has a history of poor excution.

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