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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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Carvana Again. It's Mid Week And Will It Get Nervous again?

What do we see here? Carvana is up $12.00 in the first hour of trading.
It's 10:27 a.m. and these Puts are like $10.00 "out-of-the-money". There is support at the 310 price level. Carvana is known to do crazy things. Might there be an afternoon gain to be had here? Let's see what happens. It's 11:32 a.m. and there has being a slight drop. Here is the chart.
In my usual fashion I would say just get out. $4.70 to $7.20 in just over one hour.
Now it's updated five day chart.
Who cares what happens next? *** With less than 30 minutes in the trading session the same opportunity with the same series of 320 Puts has presented itself again.
......
There is one diffence. It's missing the early morning "up-to-quickly-surge" it had this morning. For that reason alone everything is different! Here is how Carvana closed out the week.
Anyone bold enough to buy into these "out-of-money" Puts in the morning on Friday at their lows of the day were well rewarded.
It's easier to write about this kind of stuff after it happens than before it happens.

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