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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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Blackberry

Here is a five day chart of the trading activity on Blackberry during the week John Chen announced his retirement. October 31th 2023 was the actual day this announcement. The stock spiked on this announcement. This news was long overdue. During his rein the company continued a precipitous decline.
Here are a few charts to put things into perspective. First a twenty year chart.
Now a year to date chart and a three month chart. This stock was once a meme stock. Now it is kicked to the curb and somewhat forgotten.
So now what? More talk about unlocking shareholder value and a decision to no longer pursue an IPO. This is not what shareholders now want to hear. Nor do they want to hear the line about hiring a consulting firm to form an independent assessment. Some would say there goes more money out the window. What happened to the recent chatter of other companies trying to buy a piece of the action? Here is more of todays news.
So yes you can purchase Call options. Here is one series of the January 2024 Call options. They are pretty cheap so it becomes a question of what if? The current chart looks promising so once again it is a question of what if?
Perhaps the five dollar series of Calls six months out is a better way to go. Something might happen with this stock someday. You decide. Now a look at the chart and these Calls three days later.
Are you ready for this?
Options on stocks in this price range are great if you can catch the right direction! Now this.

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