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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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Boeing Calls Going Into a Friday Morning After dropping $4.77 on a Thursday.

I tracked the action on the 190 Boing Calls all week and watched the stock surge on Monday and Tuesday. Read my recent blogs. I cautioned that the action could change direction mid-week. It did. Trading Monday and Tuesday Calls... that seemed to work but on a Wednesday they all lost speed. Here now is it's one, five and thirty day charts.
Note it flirted with the $199.50 range. Now look at this chart. It helps to create a different spin on things.
It's bouncing back up and look at how the 210 Calls we have being watching all week closed out the day. They closed at $2.08.
Is $2.08 a good price? Well consider this. These same Calls closed the day before at $9.75. Yes Boeing can bounce big if and when it decides to bounce. Are the Call options now playable with only one day to go? Given all that has recently happened I would say STAY AWAY. Why tie up money hoping for a one day blip? The charts now show that it could go either way. Looking for rebounds on a falling stock on a Friday morning is to rich an exercise for most traders. Now for a premarket opening news release.
Boeing is soon going to have a quarterly earnings report coming out. News like this is an unwelcome suprise.

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