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Trump Has The Power To Move The Markets On No Real News. Some Insiders Will Have A Happy Weekend.

Look at these charts. What's going on? ...... Look at this. Very few traders are holding option positions on any of these stocks because the last two years of trading have been a being of a nightmare. Here is an example of how one series of options on one of these stocks jumped on this news. Now later in the day. Now the closing Readings. This blog comes on the heals of writing about how crooked the stock Carvana is! I understand why some people have no interest in playing the markets.
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Hanging Onto Call Options Overnight On A Wednesday On Options That Expire In Two Days.

In my last blog I said don't do that. The Calls on Tesla that we first started to talk about on Monday afternoon went sideways to down on Tuesday and the doubled on Wednesday. I said take your profits. Just be happy and get out. Was I wrong in my call? Well yes and no. Look at how Tesla traded on Thursday morning.
. It closed on Wednesday at $349.57, opened Thursday at $350.22 and dropped to $348.52 before taking off upwards. So Tesla stuttered on the opening. Anyone buying a Thursday morning Call just after the opening (that expires the next day on Friday) would have made a lot of money. (Don't trade on my advise). I just want to wake my readers up to the concept of "One week Options".
Now look at it's ten year chart.
Will it break new highs shortly? Now Friday. Look at how the 335 Calls closed.
* When we first started looking at the 335 Calls back on September 8th they were at $380.00 a contract! They closed today at $6,090. Tesla is on fire. Some of the "out-of-the-money" action today was even wilder. These one closed at $5.00 per contract. Their previous close was in the $.13 cent ($13.00 dollars) and dropped down to an interday low of $1.00 a contract before bommeranging at one point in time back up to a high of $315.00 a contract!
I would now think that this stock has to take some form of a rest.

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