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Snowflake Part Two : Thursday Overnight Position Going Into The Final Day Of An Options Life Are Not My Cup Of Tea Unless It Is Perhaps Tesla

The 172.50 series of options on this stock will expire tomorrrow. Today is a Thursday. The first printout shows a bit of a struggle on the opening in the first nine minutes of trading and a return to price it closed at in the previous session. (It did have a nice rally on the previous day then to only give it up). Could it rally again this morning? Now the second printout below the following paragraph shows the high volume of trading pouring into this series of Calls just after the opening. These high volumes of trading shown below happened in the five minutes and twenty one seconds of the trading session. Traders bought in on a slight dip looking for a reversal. Good for them. Are these traders hoping to be out at a profit in the next fifteen or thirty minutes? Yes. Get in and get out. Catch a profit as the stock is deciding which way it will go. It's early in the morning trading session and the volume of trading is always the highest in the first and in the last hour of trading....
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Earnings on Elli Lilly.

They were great. Did you miss playing them? Was it a bet to rich to make? There was however an opportunity to profit on it's downside shortly thereafter. Let's begin.
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Nice chart, right? Could you have bought the Calls on the closing the day before? Here is how they closed the day before. They closed at $19.31. Anything above $760.00 would be pure profits. The stock went up on the opening to $795.50.
But wait. What goes up must come down. Here are the
790 Puts at 10:01 a.m. That was very close to the top of the days trading range. I was watching them. They were at 10.85. The stock at that time was $794.43. If your a short term trader here how things were different at 12:42 p.m.
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The Puts had a healty move. To be continued.

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