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"End Of The Day" Friday Option Trading On Tesla

Back on April 2nd I did a blog called "Two Hour End Of Week Option Trading on Tesla". In that blog it was noted that Tesla dropped in price starting at 1:30 p.m. and 42 minutes later it was $5.95 lower in price, approaching the "must-get-out" at 3:00 p.m. mandated option deadline. Put option buyers getting in around 2:00 p.m. did well on their investments. (The stock was down $20.67 on the day). Here was it's chart on that day. It was a Thursday with Friday being Good Friday. Now let's fast forward to today's action, it being the following Friday. Tesla options had a tough start to the day. Here an example of what I am talking about. Look at the 347.50 series of Calls at 12:34 p.m. Are you able to see how they are down in price on the day? Now this. A look at how these same options closed out the day. They charged back upwards towards the close. The $140.00 option price we were looking at below is actually a 4:00 p.m. readout. This chart shows Tesla ...
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Netflix As A Mid Week Trading Vehicle

I often talk about Wednesdays being turn around days for the markets. Today was one of those days. Netflix had a big drop and then came back a small bit towards the close. Look at this, the 1220 Puts on Netflix at the start of the day, a Wednesday. Can you see they closed Tuesday at $1,340?
Now this. It's Calls.
Now it's one day chart.
Here how the Puts and Calls traded.
The Puts more than doubled in price in the morning and the Calls lost more than half of their value. What's the importance of this read? Maybe there should be more energy put into tracking these moves. Costco options offer the same trading experiences. Three hour moves in mid week trading sessions on high priced stocks can can sometimes offer profitable experiences without the urgency of time (the time value premium on options) working against you.

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