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Tesla Calls That Expire In 55 Minutes At The End Of The Week.

First it's five day chart going into Friday's mid afternoon. It's January 2nd on a Friday. Is it time to make another trade to end your week? How stupid can you be? That's one way to look at it. You can see it jumped upwards on the opening (up like to $20.80) and then lost that gain. On the surface it appears that there there is no quick way to make money on this situation. If there was everyone would be playing them. Hold that thought. Look at these Calls which now expire in 55 minutes (for retail traders on Friday's last day to expiring options expire at 3:00 p.m. and not 4:00 p.m.) and look at the open interest number from the previous day. Why does it only read 290 contracts. Doesn't that number seem small? Well it has to be remembered that yesterday the stock closed just over $12.00 higher in price so these were at that time expensive "in-the-money" Calls at the start of the day and Call holders where hoping for a quick bounce ...

Shifting Views on the Relevancy Of Option Trading.

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An article entitled "This Option Craze Could Spell Market Trouble" by a fellow named Steven Sears in Barron's this month is of extreme interest to me. He starts with the sentence "The options market is in the throes of a speculative mania." He claims that the industry now characterizes options that expire in one week as being financial fentanyl. One of this sentences says - "The truncated expirations seem to mostly incite aggressive speculation as they reduce put and call prices into Wall Street's version of cheap scratch-off lottery tickets." Is he adverse to these types of trades? Well he side tracks this question by saying "The curent option trading mania is dominated by hot teck stocks like Nvidia, Tesla, Meta Platforms, Apple, Micosoft. Super Micro Computer, and Amazon.com. Many of these stocks are so expensive that only weathy investors can afford to buy 100 shares - and even they might pause at paying top dollar for such steeply valued ...

A Canadian Company Up 68% In One Day

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Canopy Growth. It's one year and one day chart. Now it's five day chart. What's going on? Well let's start with why it surged last August. So now what? Why did it pop this time? Well this time, like last time many of the stocks in the marijuanas space popped. Look at the last Fridays action in these other matijuana stocks. Here is the news this time. Many sources talk about it in different way. Now this. So this kind of paints the picture of what is happening. Canadian companies have kind of got the jump on growing techniques after burning through billions of dollars in startup capital. Now they are all of on a mission to expand their footprints overseas. Skeptics of the industry who have witnessed these surges in this group of stocks might now tout this as being a good time to sell. Afterall there are millions and millions of outstanding shares and the daily volumes traded are at time quite insignificant.These are difficult stocks to play and even more difficult ...

Will Fisker Survive?

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Maybe. They have whimical t.v. commercials. I want one, but why they make claims to using recylicable materials in their vehicles is something I don't totally understand. Here is it's 5 year, 30 day and 5 day chart. Image buying near the top and then averaging down? What a mess for existing shareholders. So what is happening now? Auto Trader in Canada has two used one's for sale. If the company goes under will replacement parts be available? Fisker now needs more $$$$ to survive. Is the next step finding a partner and / or issuing more shares? Their product lines are strikingly beautiful and their name does have some brand recognition.Yet there is a big probem. A loss last year of $762 million. That's a crazy big chunk of money. How did they get themselves in such a big mess? Now with the added bad publicity of potentially going bankrupt the path forward is even that much more difficult. . Miracles have happened. Look at how Canoo, another struggling E.V. maker re...