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A Follow Up to A March 29th Blog About Options in the $5.00 and $10.00 Range.

 First, look at how these three stocks are popping this morning when the overall markets are trading down. Options on stocks in the $5.00 and $10.00 range can surprise. Here is todays action, a Monday morning in the first hour of trading. All three of these companies operating in the same space are jumping in unison. Now look at this printout of my May 28th blog. Well back then I was taking about the power of long tern options and I used the example of a "Unusual Machine" Nov 21st Call with a five dollar striking price. Now here we are only a few days later and look at where this series of Call options are now trading. Note the open interest in these Calls have decreased as earlier traders have taken their profits and run. Once again,  longer term options on $5.00 and $10.00 stocks can surprise.  Why not do you homework and make lists of stocks in this price range which have options on them?
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Faraday Future Intelligent Electric

This is the California electric EV maker selling $300,000 vechicles on the verge of bankrupty having quite the ride. I have talked about this company before.
Can you short it? A May 31st update.
It was a Mime stock event. Reality has now set back in.

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