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A Classic Tesla Friday Option Day Story

So Tesla moves up in the first few minutes of trading on a Friday and quickly decides to go south. The DJIA closed down on the day 685 points. Here is how one series of Puts, the 425 series of traded on the day. A low of $4.11, the price the 425 Puts just after the opening and a closing price of $33.90. More surprising were the "out-of-the-money 410 Puts. A low of $.33 and a high of $21.28. The most extreme gain was with the 392.50 Puts which has a low of $.03 or three dollars a contract and a high of $4.12 or four hundred and twelve dollares. Do the math of that one. How many times has this website talked trading "one-day-until-expiring-options" on Tesla options. The answer is many times. There was news this week about Musk raising 75 billion dollars for "Space X" and in doing so is selling out only 4-5% of this new company. Musk is the richest man in the world. Powerful people can make powerful moves. So what's my point? My point is that the option mark...
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Tesla Eleven Dollars Out-Of-The-Money Calls On A Tuesday Morning

Here they are.
Now here is it's five day chart.
Why $11.00 "out-of-the-money" and not closer to being "near-the-money" Calls? Well the price. These one's are somewhat affordable. Now a second look at them ninety minutes later.
Would this be a good time to get out and look for something else? Now this, five minutes later. It's kind of like playing the wheel of fortune.
Now this nine minutes later again. The pace of acceleration is slowing down.
Selling out on something that is going up. It's never a mistake to take a short term profit. I would say yes and exit this position even if I made the wrong decision I wouldn't lose any sleep over it. I will check back in on it later. Tuesday morning option trading on this weeks options are free of the worries over time values. **** A 2:12 p.m. update.
......
Getting the direction correct for most of the day is all that matters. Here is how these options closed the day.
Look at Tesla's final one day chart.

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