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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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U Tube Videos and Carmax

I am hooked on youtube videos watching podcasts of what is happening in the auto industry. One subsection of this addiction is the Tesla story and another what is happening with the U.S. used car market. Who can afford to finance a used car these days with prices and interest rates so high? CarMax had their quarterly earning report today. Up or down? What do you think? Barron's on the weekend made a few bullish statements. "Analysis expect the company to report a fiscal forth-quarter profit of 46 cents a share on sales of $8.8 billion, an increase of 5% and 1% respectively. Sales should get a boost from tax refunds, which accelerated into the end of the quarter and an increased supply of newer used cars". So here is what happened on the release of their earning report.
As a blogger should I have told you this was going to happen before it happened? The human brain is lazy. If you think you can make money in option trading you are going to have to teach yourself to be ahead of the curve. Now look at how the near to expiring ( tomorow ) Puts did as of 12:45 p.m. today? First the 80 series of Puts.
Basically a double. In was a pretty straight forward reaction. Here now is how the extra spicy ones traded.
Mark this date down in your calender book and revisit this scenario a year for now. I should be collecting an email list of all the viewers who want to be reminded of events like this but there are many things I should be doing. *** An observation on Friday April 12th, one day after. Look at this five day chart.
Can you notice the dip in Carmax on the morning prior to the release of the earnings report? Was that a hint that something no so good was about to happen?

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