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Step Down Charts And Short Term Options. Nio

Here is a classic "step-down-chart" with one minute of daytime trading life left in them before the markets close at 4:00 p.m.. The stock is Nio. ... This printout of "in-the-money" Call option also shows one minute of trading life in them before the market closes. It's Tuesday and these Calls expire this coming Friday. You are purchasing three days of market trading life. To purchase one thousand shares of this stock would cost you $5,750.00. To purchase options that control the price movement of one thousad shares of this stock for three trading sessions would cost you $370.00. ( Ten contracts at $.37 each). These Calls are also currently $250.00 "in-the-money" which means if the stock totally goes flat for the next three days your options will still have that amount of intrinsic value left in them. Now think about this. Many option accounts in the U.S. enjoy free option trading and there are discount brokers in Canada who can save you money. A fl...
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Tesla Calls Are A Different Animal. Watch It's First Hour Of Trading On A Friday Morning

Here is Tesla's one day chart on Thursday.
Now here is how the 440 Calls and Puts closed the day on Thursday.
The 430 Call contracts cost $5.25 and the 430 Puts cost $4.97 going into Friday mornings action. In the premarkets just before the opening the stock was up almost eight dollars. You can see that in the list of auto stocks below. Then in the premarket trading around 9:28 a.m. it was only up about $5.00. An "at-the-market" ticket to purchase a Call option at 8:00 a.m. would have added another profit of about $300.00 dollars on the opening bell. There are times however when premarket moves vanish in the blink of the eye before the market actually opens. I have witnessed that happen many times before.
So what happened? Well the Calls doubled in price in the first six minutes of trading and the Puts obviously got beat up.
.......
Yes the Puts really got beat up. As a Call holder you can walk away from this strong opening and say thank you. That's what trading Tesla options is all about. You took a risk with real money and you deserve to be rewarded. Part Two. Thinking about playing the downside given the stock is up? Look at this printout of the Tesla 450 Puts which is reflective of where the stock is now trading at. It's 9:38 a.m. in the heat of the action when the stock is still surging up.
Would it be wise to think about such a move? Not really. It's still early in the trading session. Let's see what these Puts are doing 26 minutes later.
Telsa at 10:24 a.m. keeps going up.
The 440 Calls are even higher in price now.
All this action in the first hour of trading. That's Tesla. ** Had you purchased the 450 Puts for $320.00 a contract at 10:04 a.m. this morning what would have happened? Here is the answer. You can see how they traded on the chart below.
At one point in time you could have sold them for $675.00. *** Here is how the 440 Calls which closed at $5.25 on Thursday's close, traded today.
*** What is better? Selling the 440 Calls for $16.07 at $10:28 a.m. or fishing around trying to catch the top of the day price of $17.75. I think the quicker way is better.

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