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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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Carvana On A Tuesday

 It played the same game as Carvana also did on a Monday. Look at these three charts.

1)

It's up on the opening and the Puts at this point (they are "out-of-the-money") are trading at $3.25.


Now the chart changes.

That's the same thing it did yesterday. Yesterday it topped out around 11:00 a.m. and today it topped out around 11:30 a.m.. Now this. It starts to rebound.

So how do you think the Puts did on that downturn. We here is a look just after the fact. You can see how high they went. They went to $4.82.

If you look at the chart more carefully you will see that at around 11:30 a.m. they actually traded down to $2.60. It's not much of a trade but the point is this stock on day one and day two of the week is tradable. I would argue that this "tradability" diminishes towards the last two days of the trading week. At the end of  day (a Tuesday),  Carvana was only up on the day $2.89.
At the end of the day the Puts were basically unchanged from where they were trading at in the morning.
Here now is it's five day chart. It's up about $25.00 in five days. Now its not as exciting to play.







How is Avis Budget doing?
Up another 18% on the day.
How did it close the day?

All this on no news. 

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