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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...

What $1.00 Gets You in "Two-Week-Out-Options" (One Dollar Is Really $100.00 Dollars).

I have talked about Carmax before. The stock got hit hard on a recent earnings report.
Now it's five and thirty day charts.
The stock seems range bound. I like stocks that go sideways after a slight bounce. Now look at this, a look at how other companies in the same space are trading on the day. They are all down except Carmax.
On a good day when everything is up these Calls could move upwards by 50%. (Don't take my advise ..... learn to look for opportunities like this on your own ....). Here they are at 3:56 p.m. On ten contracts the move on these Calls would have resulted in a profitable afternoon day trade.
Here is how the stock traded on the day. What a smooth afternoon Monday ride.
These are next week's out options. I wouldn't be trading options on stocks in this price range with only days to go.

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