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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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FFIE "Faraday Future Intelligent Electric"

 This is a strange story. The stock Faraday Future sank on Wednesday by about 17% after recently doing a  80-1 reverse stock split. Then the stock went down about half-price again the day after. This time they announced that they would be issuing additional shares, for about an amount of 90 million dollars. If you have an EV company to run, that's not very much money. To add to the confusion a share buyback program to help support the stock's price was recently announced. You can't have it both ways. You can't be issuing new stock and buying it back at the same time. Money was recently wasted on that activity. Short-selling activity has plagued this company. Short sellers so far have won. When you have already three billion into the company and have only produced three vehicles there is a problem.





But wait, if you don't know the story it's a California-based company that

has just cranked out a few ( once again only three) high-end EVs and sold them to celebrities. That's not much of a game plan. It's also a company valiantly fending off critics who have watched this company struggle for so long.

When a stock falls into this price range it is dangerous and stands a very good chance of going into receivership. Google it and watch it yourself. It will be interesting to see how it goes. 

When things are dropping this fast it's best to stay away. 







They do make a cool-looking car but maybe being cool-looking is not enough. You can't keep going back to the well asking for more money. The stock is down over 97% in the last year.  Have you ever witnessed a stock dropping that much in price and then surviving? Probably not. Here is one of their electric vehicle models. They look like they will sell. Who knows?  Another car company I have blogged about is Polestar. Their stock has struggled. Investors are currently cautious on so many of these companies.   If you read about EV companies in China you will find out that there is a large number of EV makers in that country. Like over 80 different companies churning them out.  Maybe it's best just to stick with Telsa.



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