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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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Catching The Smallest of Moves. Exxon On A Friday Morning.

Exxon on Friday morning. It's five day and one day charts.
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No real volume in the Calls. Now this.
Volume is coming in. It would be nicer to see the spread shrink a little bit. At this price the option makers are putting on a brave face to cover up the low of $.44 which just happened.
Let's see if a rebound happens in ten minutes.
Not really but the rate of declining seems to be slowing down. If you check the Puts you can see the downward action is stabilizing.
In a way this is a good indication that now is a good time to jump into the Calls. Now watch this.
Now this.
Now this 5 minutes later.
At 10:24 a.m. it's chart looks healthy.
Now at 10:30 a.m.
Now at 10:54.a.m.
We caught the morning rebound without to much worry. That was the game plan. Getting out would make sense no matter what we leave on the table. *** Now this nine minutes later.
These options just lost most of their gains!
Sometimes it's good to be nimble! Now this at 12:14 p.m. These Calls are now at $1.20. The D.J.I.A is up crazy high.
Here is how the 116 Calls endeed up closing the day.
Getting out by noon on a Friday is sometimes the best way to go. You can see it was a bit of a scrabble to make money on these ones.

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