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Tesla Call Options On A Friday Morning

First, here is what the D.J.I.A index is doing, not that it matters all that much. These Calls are down like 50% from the previous day. Tesla did drop on the previous day, a day in which the market dropped 669 points. Some stocks are having a good morning. Look at Snowflake. Might Tesla wake up and take off again? The same with Apple which had a big fall on the previous day. This kind of nervousness is what Friday morning one day option trading is all about. Some option traders capitalize on situations like this buying instead next weeks out day (five day) options. Let's see what happens. Now this at 12:42 p.m. The DJIA index is creeping up. .. I don't really like the slow creep back up knowing that with any bad market news everything could sell off in a heartbeat. I would just get out. That's me. To be continued. Here is how these Telsa Call were trading at the 3:00 p.m. get out deadline. Now here is how Tesla closed the day. Sometimes taking profits when you see them...
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The Tempatation To be Looking At Boeing Calls On a Tuesday Morning

Here is it's five day chart.
Will the 215 level provide some support? Let's also look at it's chart as of last friday.
A drop then was in the cards. Can you see how Boeing started to come back a bit yesterday afternoon? Today it is seeking comfort in the 215 price range. Now this, a look at it's this weeks series of 215 Calls at just after 10:00 a.m. this morning.
Two things. I don't like Tuesday Call options that expire at the end of the week and I don't like options in the $3.00 price range . Why? Well one reason is that the stock would have to make a signifiant move to the upside to make these options double in price. In one of last week's blogs I talked about Exxon options quadrupling in price. Look at how that stock's price jumps around. With Exxon options each one dollar move in the correct direction would be a near double. It's option series are set up in 50 cent increments.
Now back to Boeing again, this time at 10:48 a.m.
The 215 Calls we first looked at trading at $2.96 are now at $2.36 and may be bouncing off a support level. It would take a three dollar upward move on this stock just to move it closer to a break even price. Once again, it is a Tuesday and not a day I like looking at options that expire on Friday. Now here is how these Calls traded on the day.
So something that was trading at $2.96 in the morning at 10:08 a.m. ended up closing at $315.00 at 4:00 p.m. What a big risk to make no real return. I like Wednesday options which expire in a few days more than Tuesday options. Wednesday at the close. Here now is Boeings five day chart.
Here is the kicker to this blog. If Boeing does jump tomorrow then we can say buying on Tuesday is a smart thing to do. Playing Boeing options on a Monday morning and playing them on the last two days of a trading week is a better way to go. Here is how Boeing ended up closing on thr week.
Getting in on Wednesday was the way to go.

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