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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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Can You Catch Ford Struggling On A Thursday After A week of Negative Talk About Excess EV Inventory? Then there Was News

First the five day chart and a Thursday morning early trading chart. Timing is everything.
Is a jump upwards by tomorrow possible or a slight rebound in the next few hours or into the early afternoon? It's really the next ninety minutes of trading which could be a sweet spot.
To be continued. It's now just after 11:30 a.m. Can you see the bid and ask are up?
Now Ford around 1:52 p.m. The market is softening up. Now would be a good time to get out and call it a day.
In at .21 and out at .28. Do it on a trade size of 50, 75 or 100 contracts. It's not much of a gain however its a gain in U.S. money and it was a play on an oversold morning situation. A lagging stock in a strong market. There were small spikes around noon as news came out.
We will check back later to see what happened to this series on the closing. Hanging onto these Calls going into the last day of trading is not a smart thing to do.
Look at how wide the bid and ask are now at the closing. The market makers are trying to give themselves some protection in case the markets pop on the Friday opening. Anything could happen tomorow. **** Payroll numbers came out on Friday morning. The markets are up. Anyone with guts who banked on an opening rally in the Ford Call options we where watching did well.
Also note a low on the opening of .18 cents. What's that all about? Someone had an order in for a premarket trade. That's a topic for another day.+++++++++ Now let's jump ahead to the end of the trading session on the following week. It's Monday was a holiday.
Same old game and Ford has only moved ten cents on week! That explains why the option interest numbers are down by half. Fewer traders than last week are thinking about Calls.

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