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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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The Auto Industry Is Big on Self Promotion.

Look at this ad to purchase a Lucid electric vehicle. Going forward the consumer will have many EV brands to pick from.
Some people want the best of everything and these ones will appeal to a small slice of the market. The share price of Lucid is holding steady. Last week Tesla announced that their new truck model is now available and that they have orders for over a million of them. EV stocks were soft in the last month over the theme of range anxiety issues. Suddening the news of one million orders has cast that issue aside. G.M is another company beating it's own drum. It popped on news last week. The car maker boosted guidance and will buy back $10 billion in stock -25% of its market cap-and hike the dividend. It expects 2024 profits on electric cars. The stock jumped $4.18 to $32.36
Even Ford jumped, at least for one day. It changed it's guidance numbers.
Imagine playing the Ford ten series of Calls last week. Then there is Nio. Often times this year Nio made the top five weekly list or top ten list of most activity traded NYSE stocks. It's a company which has never make a profit but is hopefully getting closer to that target.
Shown above is a five year chart on this stock! What a tough ride for investors. But what if? What if it became the number 8th, 7th or 6th largest EV producer in China? That's what adds excitement to this stock. ( On the other hand what a dog of a stock it has being to own recently, that's why no one likes to talk about it). Some option players play options on this stock waiting for the monthly production numbers to be released as was the case today.
To be continued. Well maybe. * Here is how it is trading the very next day, December 5th. With so many moving parts there is always news about something.

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