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Google Calls

This isn't a heading that will grab your attention. There is always news on Google doing something. This blog is about reacting to a chart formation and is in line with my recent focus on discussing the often dreaded topic of "one-day-options". Look at how Google bounced on Thursday morning. Something caused the stock to spike the first thing in the morning. I don't know what it was. Here was two of it's news updates. Here is how this series of Calls closed the day on Thursday.They closed at $2.00 and are $.20 cents "out-of-the-money".div class="separator" style="clear: both;"> Let's move forward. Now here is how Google is trading at 9:33: a.m. It's up. Now this, a suprise at 9:38 a.m. Look at how quickly these Calls lost half their value. What is the DJIA doing? Not much. Now this, six minutes later. Look at how quickly the action in the Call options increased. By 10:00 a.m. they reached a high of three dollars. ...
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Tesla Calls Worth Watching

Here is one reason as to why it dropped.
Now two different option series. First the Calls that expire tomorrow and second the Calls that expire next friday.
Buy next weeks Calls and sell against them this weeks Calls? That would be scary. Why not buy an option on it ninety days "out-of-the-money" like this one?
Talk is cheap. Maybe Telsa will flounder in price over the next couple of weeks and maybe it's better to just watch it and wait for a better entry point. Maybe wait until mid week next week and try to buy "near-to-the-money" Calls on it. Did you know the $7,500 tax credit for purchasing new electric vehicles(EVs) and the $4,000 credit for used EVs are still in place and will both expire on September 30, 2025. The hope for many is that Elon Musk in back in the saddle once again trying to rebuild the confidence in his empire. One additional point. Telsa's trading pattern over the last three or four weeks has provided multiple opportunities to catch five and ten dollar price swings. The trading volumes we are now witnessing in Telsa options are way down. How bad is this news? The stock towards the end of the trading sesion it is showing some resiliency. Here now is how the 305 calls with one day to go closed the day.
Do you think it will bounce on tomorrow's opening? *** It's Tesla. The stock jumps all over the place. Yesterday's news is history. Here is how it is trading in Fridays premarket at 8:00 a.m.
It's difficult to read however it looks like it is going to open stronger. Friday morning.
Everyone who bought in yesterday morning is happy. Now a noon look.
Here is how it closed the day.

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