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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

Lets Start With Caterpillar Calls On A Friday Afternoon at 12:08 p.m..

Now this. Call options which expire later in the day.
Now later. Well actually one hour and sixteen minutes later.
Now Telsa.
Now Telsa later.
Now Boeing with a first look starting at 1:22 p.m..
Now thirty minutes later. It's still stuck.
Now for a look at what the markets were doing when we first started this exercise.
Now a look at the markets at 2:00 p.m. about two hours later. It's turning out to be a strong day.
It's two p.m. Some options have doubled since lunch time. Time to exit. Things can get screwy towards the 3.00 pm. deadline for retail investors to get out of option positions. This is a Friday only rule on all options that expire that day. They want you out so that your positions do not gt exercised.Check back later over the weekend to see how these options ended up closing out. Friday Call option trading is not for the weak of heart but it can be a profitable adventure if there is strenght in the markets around lunch time. Now here are the three end of day readings. First Caterpillar. Notice that they hit a high of $2.60
Now Tesla. When we checked them at 2:47 p.m. they were trading near the top range of the day.
Finally Boeing.
A hour in the market holding a Call or Put position that expires that day can seem like an eternity.

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