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Walmart "Last- Day-To Expiry- Puts " At 11:15 A.M. On A Friday Morning

It's a friday and these Call options expire today. Here are how it's one day Puts are trading. At 11:15 a.m. these puts are "in-the-money". Now it's one day and five day chart. .... Doesn't it look like it's one day chart is going to run out of steam? Now let's look at how the stock ended up trading on the day. It looks like the stock basically traded sideways for the rest of the day however it really didn't. It has it's ups and downs. The little red line shows the action in the Put prices on the day. Had you bought the Puts at $.44 per contract (or $44.00 dollars) at 11:15 a.m. you could have sold them out at 12:08 p.m. for $1.66 a contract, at 1:26 p.m. for $1.42 a contract or at 2:56 p.m. (four minutes before the 3:00 p.m. sellout deadline) for $1.35 a contract! What amazing gains compared to the five days of drama found in my previous blog about trading drone options with one week of trading life left in them. Interday price swings on ...
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A Crazy Car Ride With Carvana

It has earnings coming out tomorrow and the Calls and Puts going into Tuesday morning are crazy expensive. You can't really play them but I just want to show you the action. First the option premiums on this Friday's Calls and Puts.
.......
There are more Puts outstanding than there are Calls. That is not something you see very often. Here is it's year to date chart. The stock could go both ways.
Now a look at how the options and stock traded on the day.
Remember I started the day by saying these options are to expensive to trade? Well they are, but the stock does crazy things all the time. The $355.00 series of Calls was up $9.00 at one point in the day from where they closed at on the previous days close. Tesla is like that also. I don't like to play interday price swings on Tuesdays. There are other days of the week I find it easlier to play. There exceptions, as this time the stock has earning reports coming out. Having said that, these Calls are to rich for my blood. Let's see what happens. Here is what happened on Wednesday.
Ernie should tone down his rhetoric. Now the 355 Calls and Puts after the release of this news.
It's one day chart.
So it makes more money and the stock drops. That's Carvana. What's with all of the Youtube videos talking about the "car repo rates" that are at sky high levels? Daytraders are trading these options in relatively small numbers and are not holding onto contracts overnight. It's last "two-day-to-expiring options" are still crazy expensive. Now this on Thursday morning.
Remember the 355 Puts at $24.56 we talked about at the start of this blog? Here they are now.
The 355 Calls are now near worthless with one day to go.
To be continued.

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