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Tesla On A Friday Morning.

The concept of playing last day until expiring Tesla options scares most people. Maybe it shouldn't. In the list of the five most actively options on any company Tesla would come it at about #2.. My next statement is going to sound kind strange. One strategy often employed is to look for quick reversals on the opening on Friday mornings with the soon to be expiring options (at 3:00 p.m.) and see how this situation plays out. That's what has happened in the first chart below. It sounds silly yet watch them for yourself for the next month or so and see how often this pattern happens. Now here is it's chart at 9:56 a.m. this morning. It's flat after a dip on the opening.That flat line on the top of the chart shows you wher it strted the day. The dip on the opening dropped these Calls down to $.85 cents. Now here is it's five day chart. You can see this morning's dip in it's chart. Now to further set the stage here is how it's Calls and Puts are tradng, a...
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Boeing - If It Doesn't Go Your Way Just Get Out.

This could be an exciting opportunity.
......
Now its one day chart.
Ay 2:49 p.m.with the DJIA average up strongly the stock is still struggling.
This could be another one of those cases where it is a good time to get out (see our Exxon blog today) for the same advise. Wednesdays can be turn around days for "one-week" or in this case "three-day" options but if things are slow in happening it's just best to bail and never look back. It's called day trading.
Once again, this take your profit decision applies to last "week-Wednesday-short-term-option" playing. Wednesday going into Thursday are a tricky space to be in with overnight options. This "take your profit approach" doesn't necessary apply to other days. ** Here is how Boeing traded the next day.
It wasn't a walk in the park for these options. ****** Let's move forward. If you had the guts to purchase these 200 series of Calls on Thursday would would have got a reward on Friday.
That's Boeing.

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