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Nvidia And Last Day Friday Afternoon Option Trading

First, the five day chart on Nvidia.
Look at the volumes of option trading in these Calls and Puts at noon on Friday. These options expire today. Now here is how the DJIA is doing at 12:01 p.m.
Look at the huge number of Call options traded this morning.
With markets up and the DJIA down what would logic tell us to do? Buy the Puts. Look at these two Put printouts on Puts that expire today. Look at how cheap the "out-of-the-money" Puts are. Experienced option traders know that the risks in buying these is high, to high to take serious. What's more inticing are the "in-the-money" Puts. In this case they are the 167.50 Puts.
Let's now look at it's current one day chart at 12:15 p.m.
Had you looked at the 167.50 Puts around 10:40 a.m. they were half the price they are now. Sure it's all somewhat of a guessing game however I want to point out than with one day options the timing of inflection points, meaning stocks making reversals on the day usually happen in the mid to late mornings. What happened here was all so typical. (I do get feedback on what I write about and I do know most readers who follow me, or try and follow me dislike this topic of one day trading. What I should be working on is a list of top ten things most short term traders should learn to recognize. What I am describing here would surely fall into this category.) In any event, let's see how this situation plays iteslf out. Now a 2:06 p.m. update. 3:00 p.m. is the deadline to get out.
The Puts are up $.31 cents or thirty one dollars since 12:01 p.m. Now the readings at 3:00 p.m..
Anyone buying the 187.50 Puts at noon for $1.28 could be selling them for $2.00 at 3:00 p.m.

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