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Tesla and Deere Going into a Thursday Morning.

Are you able to remember my blog last Friday talking about Tesla dropping $19.00 in one day and it's Puts jumping up a zillion dolllars? Here are the closing numbers on Tesla and Deere today, Wednesday September 11th. They are difficult to read but Tesla closed at $228.13 and Deere at $388.59 Now look at the sightly "out-of-the-money" Calls on both of these two stocks which expire at the end of the week. Now the Deere Calls. .................. Now look at their one day charts. Remember I have repeatedly said that Wednesdays ( in the context of trading one week options) are the best days of the week for turnarounds situations. Look at the one day charts and look at the gains on the day that both of these option series had. They both took off on the upside after a morning dip. I will continue to track the movement of these two series of Calls over the next two days but the context of this blog is a blog in itself. Wednesday once again can be turn around days. Happy tr
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Tesla Going Down In Stock Price Is The New Theme

Ok, so like Barron's did an article over the weekend saying that Tesla could be trading down to $100.00 and U-Tube videos are talking about the rise of BYD. Fisker is going out of business and Ford in Canada is delayed their shift to going electric by a couple of years in one of their plants. Norway is up to 83% electric or some crazy number like that. What to think? Well, weekends often serve as times of "resets". The result is the "change-of-thinkings" in what is happening in the global EV space over the last 48 hour period of time which is reflected in the opening price of the Telsa stock on a Monday morning. Here now is a look at how the Telsa stock is trading at 8:45 a.m. in the premarkets. It is difficult to read clearly but the stock is up about four dollars.
A second stock to watch for weekend changes in sentiment is Boeing. Somewhere is a previous blog I gave an example of how I traded out of a Call option position on a Monday morning on an opening bounce. Here is how Boeing today at 8:50 a.m. is trading in the premarkets. Once again it is difficult to read but the stock is down just over $3.00 a share.
Often times it closes up or down three, four or five dollars which can make for profitable short term option trades. Now here is how Telsa was trading at 9:53 a.m. on Monday morning April 8th. It's up like $8.00
**One final caveat. Premarket bids and asks can change on a dime with most of the changes likely to happen five or ten minutes prior to the opening. ***Friday mornings are the one day of the week where premarket directional changes are most evident.

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