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Caterpillar,Tesla And Nvidia Puts On A Tuesday Afternoon. It's 3:40:00 P.M.

Caterpillar is up $40.00. at 340 p.m. Might it sell off a touch before the close? The DJIA ended up closing the day 1,024 points! Let's look at these three series of Puts series which expire on Friday. First Caterpillar. Now Tesla and a look at it's Puts about four dollars "out-of-the-money". Now Nvidia with a focus to be watching it's Puts. Once again I would like to mention than these Puts still have three full days of trading life in them. These ones are also slightly "out-of-the-money". Now jump ahead to the closing reading. First Caterpillar once again.The Puts we were watching closed at $7.10 only ten cents higher than what they were trading at when we first looked at them. The Tesla Calls however jumped up to $3.65 from $1.90 and the Nvidia Puts jumped up from $.75 to $1.25. .. This is one approach to playing super strong days in the market without losing any sleep. Puts can sometimes be your best friend. ** A special point to think about....
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A Crazy 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.
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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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