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Tesla Call Options On A Friday Morning

First, here is what the D.J.I.A index is doing, not that it matters all that much. These Calls are down like 50% from the previous day. Tesla did drop on the previous day, a day in which the market dropped 669 points. Some stocks are having a good morning. Look at Snowflake. Might Tesla wake up and take off again? The same with Apple which had a big fall on the previous day. This kind of nervousness is what Friday morning one day option trading is all about. Some option traders capitalize on situations like this buying instead next weeks out day (five day) options. Let's see what happens. Now this at 12:42 p.m. The DJIA index is creeping up. .. I don't really like the slow creep back up knowing that with any bad market news everything could sell off in a heartbeat. I would just get out. That's me. To be continued. Here is how these Telsa Call were trading at the 3:00 p.m. get out deadline. Now here is how Tesla closed the day. Sometimes taking profits when you see them...
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The CarMax Story Continues.

Yesterday holding Calls on this stock turned out to be a walk in the part. See yesterday's chart. Today is a different story. A potential lawsuit is brewing. It is claimed that management provided false guidance. I don't think that this case is going to gain much traction.
Managment said.
So the Calls we were looking at yesterday took a hit and here is how it's afternoon chart is trading.
Rather than looking at the 47.50 Calls we were looking at yesterday we should now be looking at the 45 series of Calls. That's the luxury that "in-and-out" short term daytraders have. Now the 45 series of Calls options that offer leverage on one dollars moves and not the 47.50 series. Here are two different series to look at, one series that expires a week Friday away and one series that expires on November 21st. Next weeks Calls would be cutting the timeline to short.
But here now is the problem. The happy, zippy little chart pattern we saw in the last three of four days is now broken. The fresh lawsuit news is a new minor annoyance.
Yet another problem is that I don't like trading options on stocks in this price range. I like better options on $5.00 and $10.00 stocks and options on $100.00 priced stocks and higher. Here is it's closing day reading.
The October 17th Calls are still ten days away. Let's follow this and see how it turns out. Now here is Wednesday's closing.
There was further weakness. To be continued.

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