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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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Rivian Again.

In two previous blogs I talked about V.W. giving them money to then watch the stock flutter up and come right back down again. They are still losing money. Here was todays action. First two different pieces of news which I didn't see until late morning.
Now here is how it traded back on Nov. 21 st on the V.W.news.
Now here is how it traded this morning. This five day chart shows a spike up this morning at 10:28 a.m.
What did the ten series of Calls do, the ones that expire this friday? Well seven minutes into the market they were up 88%.
Now additional details. A government loan to help build a new plant.
How did the ten series of Calls close out the day?
The Calls were up 288%. Final thoughts. It helped the DJIA was up 440 points on the day. Rivian gained last week .18 cents. Had you bought one week Calls on it last Monday you would have got smoked. Imagine purchasing the 10.5 series of Puts on Rivian this morning that expire this Friday thinking the stock would sell off by the end of the day?
Now this. The three year Rivian chart. Maybe one year Call options on it are something to consider.
Now look at this. The "one-year-out" Call options. They were up 76% in price in one day. Long term options are not supposed to do that.
So much is now in play.

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