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Lucid. Options On $6.00 Dollar Stock With Two Days To Go Are Difficult To Trade

What do you think about this chart? It's one of those falling of a cliff charts. It's a Thursday morning and it looks like this stock is kind of in a downdraft. Look at my most recent blog on Rivian. The bad news on Lucid could be a hangover effect caused by Rivan's one day prior bad news story. It was talk about Rivian going back to the markets to raise more money even though they were starting to lose less of it. It was a good-news, bad- news story. A story which would take a few days for the markets to digest. Let's now look at two series of Lucid's Calls which expire tomorrow. We now find ourselves forty one minutes into the market's opening trading action. The 26 series of "out-of-the-money" Calls that expire tomorrow are trading last at $.03 cents. ... Now this. Now look a this small rebound twenty five minutes later. .. Here is where it gets a touch confusing. The $5.50 Calls which were once at $.22 cents are now $.30 and the $6.00 series of...
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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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