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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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What Happened to Options On Tesla With Two Days To Go And An Earnings Report

First it's five day chart going into a thursday. It closed at $438.97 on wednesday. Something else was happening on wednesday. It's quarterly earnings report were coming out after the markets closed. This factor means that both the Calls and Puts were priced higher than they usually would be.
The 440 Calls going into the opening closed at $14.30 on wednesday's close and the offsetting Puts with the same striking price closed at $15.37.
......
So the $14.30 for the Calls means $1,430.00 U.S. dollars which equals about $2,000 Canadian. Just to break even the stock would have to close at $454.30 which would be a huge leap upwards. It could. As stated in a past blog on two of the last three Fridays Tesla has had an interday price swing of over $30.00 dollars. Let's watch it and see what happens. So really the "small fish" meaning the little guys like us can't be sloshing money around and holding onto contracts like this overnight. But wait. It's the swings that one should be watching and opportunities will be presenting themselves interday. Here is how both the Calls and the Puts traded and closed the day. The Puts jumped up $12.00 on the opening and the Calls got crushed and later rebounded.
.......
How did this all happen? Well here is it's one day chart.
Now here is the highly anticipated earning report news.
Initially the stock crashed on the opening on this report. Then,something that was bad suddenly switched to being good. That was the time to be getting in on the upside. Look at these interday highs and lows.
Tesla options are best played interday. Now congratulate yourself if you got through reading this blog. There was a lot to digest and this was one of the most action packed days I have witnessed on this stock in a very long time. Tesla options often suprise. In some ways I understand why some option players make Tesla their number one stock to play options on. Friday's action was also a suprise.
Put option players who got in after the opening bell are the ones who got lucky. Look at how the 450 series of Puts traded on the day. As stated before, catching "last-day-to-expiring-Friday" Tesla options going in the right direction between let's say 1:00 p.m. and 3:00 p.m. is often a good strategy.

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