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Tesla And Wondering About One Day Options. Is This A Crazy Topic? You Decide But Hear Me Out First.

Tommorrow is Friday and I don't have time to babysit these options all day. You might find yourself in the same situation? Look at it's one day chart today. Now here is how one of it's Call option series were trading in the afternoon two days ago. Here is how this same series of Calls closed today, a Thursday. One of the things this tells us is that these options dropped in price by one half since 11:00 a.m. this morning. At one point in time they actually dropped down more than that before they started to crawl back up again. So it's a flip a coin situation right? Well not really. My best experieces trading Tesla options are in playing it's last day "at-the-money" or slightly "out-of-the-money" Call options on Friday starting around 1:30 p.m. and getting out around 3:00 p.m. It helps if the stock keeps rising all day like it sometimes does. Trying to outguess this stock on a Thursday evening is a waste of time. Waiting for the stock to go up ...
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Caterpillar On A Tuesday Morning After a Week The Stock Jumped $27.88 Dollars. Part Two

Here is it's five day chart going into the opening market. Today is Tuesday.
My "Part 1" blog caught yesterday's modest decline. Today Caterpillar has to deal with this new news which happened "out-of-the-blue". You don't see this very often.
Now this, a look at the 435 Puts on Monday morning at 10:02 a.m.. That was yesterday.
Will other investors start to bail on Caterpillar? Here is a look at it's premarket trading activities.
If you are an option trader sitting on the 435 Puts would you be closing out your position on this news? Gifts like this don't happen everyday. I hate to say this but I would. When you are playing one week options and have a win for reasonings totally unexpected just take your money and run. It might prove to be the wrong decision to make, however in option trading what happened yesterday is all but forgotten. Don't worry about money being left on the table. Now a look at these Puts at 2:30 p.m..
Take note of the "open interest". Tomorrow we will be able see how many holders of these Puts sold out before the end of the day. I think most will, as short term option players don't like to be in overnight positions. That plus Caterpillar started to rebound at the end of the trading session. This two day Put ride could now be over.
Check back tomorrow and we will see what the open interest number is going into Wdenesday's action. I think most option traders would have bailed. *** Here is a look at the 435 Puts On Wednesday at 12:45p.m. I was talking about.
814 is now the open interest number including four contracts trading today which is down from an open interest number of 1,227 yesterday. That means about 600 contracts were closed out. Fewer traders in the "one-week-trading-space" want to be holding this weeks options on Wednesdays and Thursdays. That is a comment I often make.

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