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Five Day vs One Day Charts. Do Looking A Five Day Charts Give Traders An Edge On What To Expect On The Following Day?

Here are three examples that might help answer this question. Yet we are not talking about any five day period. We are talking about a five day period with the last day in that week being a Friday. That's the day of the week when many options series expire. First a look at a five day and one day chart of Home Depot. So a perky looking chart formation which is going upwards on a Thursday (Dec 5th) keeps on going upwards on a Friday. Look at one series of it's Call option action below. Very light trading and very little interest. Get in on the upside during the morning small dip on Friday morning and get out at a profit anytime later in the day. Sticking with Home depot did it's one week out Call options share in a similiar Call option experience? Here are next weeks Calls with the same striking price. Not really as they jumped 26% on the day versus the 68% increase on the "one-day" options. ...........................................................................
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The Power Of Tesla Calls Ten Dollars "Out-of-the-Money" With Four Days To Go

First it's chart. Tesla closed up last week $16.79.
Now a look at one series of it's one week Call options in the late afternoon on a Monday. These are like ten dollars "out-of-th-money" and will quickly lose half their value if Tesla has a downward opening. It really needs a five dollar bounce just stay even. It's going to take a six or seven dollar jump to keep these options in the game.
Now another Call options series even five dollars further "out-of-the-money". A ten dollar bounce would cause these Calls to double in price. What a risky proposition. But it's Tesla.
A lot can and will happen in the next four trading days. Day two, a Tuesday brought disappointment with time value wastage being a concern.
To be continued. Wednesday. It's getting closer to Friday.
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Tesla had a healthy gain and has price gyrations of five and ten dollars frequently. These are optons are to be traded, not sat on. Holding overnight last week options positions on Tesla on Tuesdays is not as scary as holding them overnight on Wednesdays. It is however still scary. From my point of view, with only two trading days left in the week it's best to be out of these Calls until after the opening bell on Friday mornings. Then decide if you want to trade Friday's action.

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