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You Are Smarter Than You Think !

That is when it comes to you being able to figure out what might happen to Exxon options. It's Friday morning. What's going to happen over the weekend to all the oil tankers caught up in the middle east tension? It's scary times. So Exxon opened lower on Friday morning. Isn't that kind of strange? One would think that oil prices could surge over the weekend if the bombings in the Middle East continue. Higher oil prices are now here and that is good news for Exxon, at least in the short term. Here is a chart showing how Exxon's stock opened. It could be somewhat difficult to understand because it is a five day chart and I am only asking you to hone in on the Friday morning activity. That starts at 9:30 a.m.. Can you see the drop during it's first five minutes of trading? The following one day Friday chart shows this drop better. A sideways line shows you where the stock closed on the previous day. Now this. Look at how low the 155 series of Exxon Calls traded...
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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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