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Can You Play Exxon Crashing On The Opening?

Here is it's five day chart. I have talked about these options before. Exxon drops on the opening.
The Puts going into the trading session obviously did well.
Is it time to buy the Calls for a rebound? Here are two series to look at. Only one contract traded in the first five minutes of trading. That tells us traders do not see this as being an amazing opportunity. It also shows us that experienced option traders have taught themselves to wait before they attempt to participate in any kind of a rebound. That's what you have to teach yourself to do.
.......
Does this change at the 15 minute into the market time period?
I can't tell for sure however it looks like someone may have bought a block of 50 contracts in the 116 series of Calls.
Here we are at 10:00 a.m. Could this be the bottom?
Now here we are at 12:22 p.m. happy times are here again.
The 115 series of Calls which were trading for $1.87 at 9:46 a.m. now at 12:22 p.m have moved upwards to $2.70. The 116 series of Calls were trading at $1.30. at 9:47 a.m. and they are now trading at "bid" $1.90 and "ask" $2.06. The real question is what time in the morning did these Calls hit their lows. Here is the answer. The answer is 9:55 a.m.
Jumping in to early in the morning is obliviously a mistake but guessing the exact low of the mornings trading activity is nothing more than a guess. Might any of these trading situatins help you in your future decision makings? Option trading in Exxon is friendly to newbie traders. Like with Pfizer and Carvana I have blogged about this morning I just would take my profits and run away, even if that ends up poor exit point. It got softer in price towards the end of the day.

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