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"End Of The Day" Friday Option Trading On Tesla

Back on April 2nd I did a blog called "Two Hour End Of Week Option Trading on Tesla". In that blog it was noted that Tesla dropped in price starting at 1:30 p.m. and 42 minutes later it was $5.95 lower in price, approaching the "must-get-out" at 3:00 p.m. mandated option deadline. Put option buyers getting in around 2:00 p.m. did well on their investments. (The stock was down $20.67 on the day). Here was it's chart on that day. It was a Thursday with Friday being Good Friday. Now let's fast forward to today's action, it being the following Friday. Tesla options had a tough start to the day. Here an example of what I am talking about. Look at the 347.50 series of Calls at 12:34 p.m. Are you able to see how they are down in price on the day? Now this. A look at how these same options closed out the day. They charged back upwards towards the close. The $140.00 option price we were looking at below is actually a 4:00 p.m. readout. This chart shows Tesla ...
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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 situations 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 proving to be a poor exit point. The stock did get softer in price towards the end of the day.
Other postings I have made about trading Exxon follow this same theme.

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