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An Amazing Look At What Happened to Options On Tesla With Two Days To Go

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 was coming out. 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 wednesdays close and the offsetting Puts with the same price closed at $15.37.
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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 is a jump 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 an holding onto contracts like this overnight. But wait. It's the swings that one should be watching and opportunities do present themselves. Here is how both the Calls and the Puts traded and closed the day.
.......
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.

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