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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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Caterpillar Is Up And Trump Wins

Today.
It's going to have to prove it's worth that much more. Then Tesla. It came to the party.
Things were not so kind to First Solar.
Then weed stocks all got kicked in the pants.
Drug companies chilled.
Finally charging station companies were pinched.
It's amazing how quickly the markets adapted a new mindset. Between now and Christmas trading on options is going to become the wild west. Look at how these two series of Calls traded today on Caterpillar. The first series are the $400 Calls.
These Calls closed the previous day at $1.09 and closed out today at $17.43. It gets even crazier. These Caterpillar Calls with a $415.00 striking price closed out the previous day at sixteen dollars a contract and today closed out at six hundred and five dollars a contract. That's a gain of 3,681%!!!
What a show! Talk about excess exuberance.

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