Tesla Calls That Expire In 55 Minutes On A Friday.
It's one day chart. On the surface it appears that there there is no quick way to make money on this situation, if there was everyone would be playing them. Hold that thought. Look at these Calls which now expire in 55 minutes (for retail traders on Fridays) and look at the open interest number from the previous day. Why does it only read 290 contracts. Doesn't that number seem small? Well it has to be remember that yesterday the stock closed just over $12.00 higher so these were expensive "in the-money" Calls at the start of the day hoping for a bounce which they got. Smart traders may have played the stock both up and down today. Let's look at the 450 Calls and see what yesterdays closing interest was. The open interest in the "at-money" contracts on yesterday's close was just shy of 6,000 contracts. Yes the interest in playing one-day to expiring Telsa options is huge. So at this time of the day the damage is done. The overnight Call holders ha...













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