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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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Polestar Tumbles After A Reverse Stock Split.

Here is this mornings chart.
There is a bit of a technical glitch in the Calls and the Puts with no open interest numbers and impossible bid and ask numbers.
When you look out further to January options you will see that the situation remains the same.
When you see a chart like this it's best just to stay away. I will do an update later when the interest in these options get sorted out. The company continues to lose money. Polestar later in the day. This was a 1-for-30 reverse stock split.
Polestar continued to drop on the following day.
** Now a December 28th update.
They continue to advertise heavily on football gaames. Have they learned anything from their past mistakes? How did they turn things around?

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