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Tesla - One Day Options. Not Your Typical Read

This blog is going to be a tough read because it tries to track Tesla's early morning option trading in the last day of trading in the October 18th 220 series of Tesla Calls. Critics of "one day" options are having a hayday in pointing out these "one-day-to expiring" options are a mockery to concept of sound financial investing. Here is Tesla's premarket trading price in the 220 series of Calls at 9:29 a.m. on Friday Oct. 18th. They are flat. Remember last Friday was an exceptional day for the Tesla stock with it being hit with a $21.14 drop on the day. Do today's traders remember this? Probably not. Why should they? It's a given this stock can be volatile. Option traders playing the downside last Friday on Telsa made out like bandits. Now it's 9:31 a.m.reading. Up only eleven cents. Option traders are in a period of time where they have to deal with early morning trading jitters. Is there a glimmer of hope that this stock might bounce up one
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A Santa Clause Rally in Boeing And Caterpillar And Others

It happened in the last thirty days.
Caterpillar was up $2.70 on the week and Boeing was up $10.83. These are both thirty day charts and as you can see both stocks have had huge runs.
So what next? Maybe it's time to splash some cold water on things. Here is a not so whimsical weekend report on Boeing.
Now look at how these three auto have done over the last run. Another Santa Clause rally.
All this keeps going. Look at Fedex, Costco and Home Depot over the last month.
So now what? Is the party soon coming to an end? Well here is the thing. These rallies are not exclusive to anyone stock. In a way that's kind of a bad thing. Each one of these individual stocks are up for non specific reasonings. Look at Walmart and it's one month chart. It's down when everything else seems to be up.
Why isn't Costco affected by this news?
The current news is that higher interest rates are here to stay. Strong jobs reports makes big rate cuts unlikely in 2024 and we are living in a more inflation prone world. Earning reports this year in general are healthy. But wait, things can change. We are bordering on a recession. I hate to ask this question but I am going to. If Walmart is down why is Costco up? It's a puzzle. (90% of the U.S. population lives within ten miles of a Walmart and the company has a broad customer base). Wouldn't they have their ears to the ground as to what is happenening? I am not a big fan of Costco Puts because the stock has a history of out outperforming the markets. At some point however on a strong uptick they might be something to consider. When it falls it can fall big/

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