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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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Deere On Earnings and Boeing

Here is a look at Deere towards the end of the afternoon after a premarket earnings report was released. It got beat up pretty bad. What we are now looking at is a printout of one Deere option series which will be expiring the next day. This snapshot was taken at 3:37 p.m.. Would now be a good time to buy into these 395 Calls and try to play tomorrow's potential upside? The stock is rebounding from a significant dip.
Lets look at how these options traded the next day. Can you see they hit a high of $4.65 sometime during the following day?
I did two very small trades on the Friday morning bounce back. I just wanted to cover my commissions and make a touch. Remember, Deere options are extremely difficult to play and with only hours to go before this series of Call options expire its not bad to take a profit whenever one materializes.
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My times in were 10:14 to 10:31 a.m. and 10:59 to 11.09 a.m. I missed the elusive high of $4.65 which happened after I got out. Part Two. Can you make money looking for bounces? Look a Boeing's five day trading chart last week and look at how it bounced on Thursday.
Guess what I picked up on Wednesday? "Out-of-money" Boeing Calls, 10 of the 190's, they were way "out-of-the money" Calls and 4, 185 Calls. I got lucky and got the bounce I needed on Thursday morning to make out alright. I did, however sell out to quickly - it's always difficult to guess the top, especially when holding "out-of-the-money" soon to expire positions.
Part two. Now let's move forward to looking at holding Boeing over the weekend. It sometimes pops on Monday mornings. I got in on Friday at 3:57 p.m. and out on Monday at 10:15 a.m. Getting out is always the tough part, trying to pick the correct exit point. This time I was off a bit. I got nervous on the fist dip and should have waited longer. In at $1.06 and out at $1.56.
Here is how the stock traded on Monday.
It dropped on a weak opening and then had some strong legs. It lost steam towards the end of the day. To be continued.

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