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Going Out On A Limb. Exxon Calls.

Let's start with this. A five dollar drop is one of the biggest drops in days. These Calls don't have the strenght of Calls purchased at the close on Fridays which then give you the advantage oil prices shifting over weekend discontent. Let's see what happens. Here is what it's afternoon trading looked like on the day. It depends on what is said to be happening overseas. These Calls could jump on the opening. At 1:00 a.m. it was trading flat. Now a Wednesday report. There was no real bounce back up however the D.J.I.A. sold off at the end of the day. The 148 series of Calls hit a high of $2.95 and closed at $2.09 with the stock off 23 cents on the day. Trying to follow the Strait of Hormuz news is never easy to do and thousand of troops could be sitting ducks if things suddenly catch fire. One or two ships getting bombed would set off panic.These Calls still have two full days of life in them and anything could happen. These short term options are really a play on ...
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Options on Five Dollar Stocks Can Surprise! HSAI

I have talked about this stock before (Hesai Group) and this morning it suprised again. Back on May 17th I did a blog on it called "A New Company To Learn About". Now lets look at it's current five day chart leading up to this morning.
Look at yesterdays volume pour into it. Now this mornings early action. Another spike in volume on the opening.
What's all the excitement about this morning?
If you don't know this company here is what they do.
Now back to my May 17th blog. Where were the five series of Calls on it trading back then which expire in January 2025? Here is how this same series of Calls is trading now.
No one had any interest in them. The bid and ask where crazy far apart. The option makers were burdened by making option markets for a stock with not much of an option trading history. The worry aferall is that a stock like this could double or tank overnight on news. Any stock could but more often it happens in this price range. Why would I say this? Well stocks in the $5.00 range are not penny stocks and are not likely to drop to zero overnight. With good news and a story that is for real they can sometimes pleasantly suprise. Here they are now.
So what happened today on November 27Th. Here now is its current five day chart and todays action in the 5 series of Call options on them that expire on Dec24, 2024.
Thursday was Thanksgiving and the markets were closed. This particular series of Calls still have a month to go. Trading volumes on Friday, the day after are usually expected to be somewhat subdued. Here is what happened to HSAI
This kind of upward action can't last forever. Options on stocks in the 5 dollar range can suprise.

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