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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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Eli Lilly At Ten A.M. On A Thursday Morning

Eli Lilly is the star of the week as it moves up on good news. What is this good news? Well going forward for different reasons they are going to be able to sell more of their weight loss drugs at lower prices but in much higher quantities. Other changes will help to make it more difficult for their competitors to reach the economies of scale necessary to make it all happen. Is now a good time to be looking at it's Puts? It's 10:00 a.m. and the stock is already up $12.00.
The stock is up on good news now for a few days old. Fighting a strong stock in a hope to catch it at a top is one of the most dangerous trades to make. That plus they are super expensive to dabble in.
At 2:10 p.m. the market is way down.....
... the stock doesn't know what to do.
Here now is how the 1,030 Puts closed the day.
They jumped from their 10:00 a.m. price of $11.90. It afforded a comfortable amount of time to get out at a profit. Here is how the Puts swung on the day.
What a day for catching the downside. **** Do you want to see what happened on Friday? These same Puts hit $23.00 dollars on the opening and then the markets changed.
.....
I realize that most readers are not all that interested in short term option playing on options this expensive. Here is how Eli Lilly ended up closing on the week.

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