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Tesla Options Are A Different Animal. Do You Have $300.00 U.S. To Throw Around?

It's 11:35 on a Thursday morning and Tesla is down. It's chart looks ugly. Might it bounce up again and are tomorrow's Call options which then will expire at 3:00 p.m. on that day be the way to go? Here are how it's Calls are trading at 11:33 a.m.. Would there be an urgency to buy in here? Not really, as here is how these same Calls are trading ten minutes later. 1211 new postions came into it during this ten minute period of time telling me that this stock is getting oversold. On the flip side, these options are ten dollars "out-of-the-money" with only one day to go. Scary stuff. If you read my blog posted about an hour earlier I talked about Exxon Calls doubling on the opening. What an easier call that was, a Thursday morning bounce. To make any money on this situation the stock would need to regain this afternoon about half of what it lost on the opening so far today. With it being the stock Tesla we know that could happen. Sometimes it jumps twenty fiv...
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Exxon On A Thursday Morning With Only Ten Contracts Traded.

Why only ten contracts traded? Sure there are other platforms to trade oil contracts and Exxon's option are only one way to do it. Yet think about this. Exxon employs about 61,000 people world wide. Some are accountants watching their books. Why is their so little interest in taking positions on their companies Call and Put options? Why are there not more contracts traded on Exxon options that expire tomorrow? To me it's all so strange.
Here is Exxon's five day chart.
Now this, a look at some of the action as of 10:00 a.m.
The 112 series of options have doubled and thw 113 series (depending at what time you got in) are have gone up even more.
This is the kind of activity I look for on Thursday mornings.

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