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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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Reasons Why Readers Skip Blogs About Tesla And Why Exxon Options Are Playable.

I see the stats. What I see is that viewer's don't care to read my blogs about Tesla options. I understand why. Tesla is not a new kid on the block and most options traders have tried their hand in trading in it. Timing the market swings seems to be problematic. One partial solution as ridiculous as it sounds is to trade it from 1:00 p.m. to 3:00 p.m. on Fridays on days that it is in an uptrend. Then there is Exxon. Exxon moves independently from what the markets in general are doing. It's options trade in one dollar intervals which is nice. Walmart options also have this feature. You can play them interday with interday price swings which are constantly known to suprise. Swings can be large. Profitable trades can be done in hours if you correctly catch the right direction the stock is about to move. Look at this five day chart.
Todays trade of the day was to buy it on the early morning dip. Look at the low of the day in the early morning trading of $1.36 and then an upward surge which lasted all day and then continued into the following day.
This time we are looking at the 119 series of Calls. At 10:00 a.m. in the morning they were tradig at $1.38. They then ended the day down at $1.10.
Somewhere between 10:00 a.m. and 4:00 p.m. these Calls did jump up to $1.99. If you look at the bottom chart you can see how things started to cool down in the last few hours of trading.
Do you have the energy to tract this stock that closely? *** Exxon on the following morning.
This story never seems to end. Exxon option traders are well aware of the dynamics of playing these options.

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