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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 Perfect Storm - McDonalds

Here is McDonalds one day trading chart on Friday March 15th. The DJI was down 190 points on the day.
That's nothing crazy unusual right? Yet there was news last week of a technical glitch.
On Friday morning things seemed to be normal until some sellers decided it was time to get out. Watch how these "out-of-the-money" Puts sold off down to $.02 ($2.00 a contract) in very early morning trading.
Some traders would have got very lucky. Friday mornings are the only time of the week option trading like this can happen.

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