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Tesla Call Options On A Friday Morning

First, here is what the D.J.I.A index is doing, not that it matters all that much. These Calls are down like 50% from the previous day. Tesla did drop on the previous day, a day in which the market dropped 669 points. Some stocks are having a good morning. Look at Snowflake. Might Tesla wake up and take off again? The same with Apple which had a big fall on the previous day. This kind of nervousness is what Friday morning one day option trading is all about. Some option traders capitalize on situations like this buying instead next weeks out day (five day) options. Let's see what happens. Now this at 12:42 p.m. The DJIA index is creeping up. .. I don't really like the slow creep back up knowing that with any bad market news everything could sell off in a heartbeat. I would just get out. That's me. To be continued. Here is how these Telsa Call were trading at the 3:00 p.m. get out deadline. Now here is how Tesla closed the day. Sometimes taking profits when you see them...
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A Recap of The June 15th Blog On The Auto Stocks Like CarMax And Hertz

 I have four stocks to report on. This blog is a follow up to the action I talked about in a June 15th blog. We now have just finished a four day trading week. Here are the highlights of what happened in no particular order..

1) CarMax.  Here is how one series of it's Call options on it closed on Thursday of last week. Why are we looking at this? Well it shows what the 65 series of Call options were trading at, one week before their earnings report came out.  Would that be a clever time to get into these options in anticipation of good news?

The quarterly earnings report were coming out on the morning of Friday June 18th before the markets opened. If you want you can now call a toil free number to listen in on their earnings report. They will keep that line open and free to listen to for a week or so until up to the end of June. The number to call is posted in the past blog. I called in an listened to it. Two of the things mentioned in it were their average vehicle sale price per vehicle in this past this quarter vs their average vehicle sale price four quarters ago and their average profit per car, now and back then. With the tariff scares we are now facing, yes their profits should be up. What surprised me was the lack of guidance they offered going forward. Here is it's one week chart and a look at how high the June 20th Calls options shown below traded on the morning their earning report came out.



The gain wasn't crazy high because analyst already had crazy high expectations baked into the stocks price and baked into the price of it's Call options. At the end of the week there was no real money to be made trying to play this action.

2) Carvana. If you don't know about this stock its time to learn. I talked about in a blog a few days ago


On Friday it had a huge run. The Call options went crazy. One day options can surprise. Big money was made here.

3) Hertz is struggling and I talked talked about how options in the $5.00 and $10.00 range can sometimes be your best friend. Look at how it traded on the week with a surprise coming on Friday. What a way to burn the large number of Put holders. There were far more Put holders that Call holders. Once again there was really no money to be made here.



The fourth stock I talked about last Friday was Avis. It's symbol is "Car". It was trading at $121.94 at the end of the week. Here was it's chart last week.

Here now is how it closed this week. It jumped like Carvana.

It's yet another stock in this sector which jumped up over ten dollars on the week.
Many option players follow a handful of automobile producers. It's a segment of the market that they can relate to. Following the antics of a handful well known  automobile retailers can be equally rewarding. 

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