Tesla Calls That Expire In 55 Minutes At The End Of The Week.
First it's five day chart going into Friday's mid afternoon. It's January 2nd on a Friday. Is it time to make another trade to end your week? How stupid can you be? That's one way to look at it. You can see it jumped upwards on the opening (up like to $20.80) and then lost that gain. 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 Friday's last day to expiring options expire at 3:00 p.m. and not 4:00 p.m.) 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 remembered that yesterday the stock closed just over $12.00 higher in price so these were at that time expensive "in-the-money" Calls at the start of the day and Call holders where hoping for a quick bounce ...








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