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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 five dollars in one day. Here now is it's five day chart.
What I like about this chart is that it has support around $440.00 and it bounced upwards on the opening today. The wires got caught in a good news situation.
The augurs well now for a slight rebound. Let's see what happens next. Now it's one day chart as of 12:05 p.m.. Is a rebound of some sort on the afternoon horizon?
Let's wait and see.

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