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A Classic Tesla Friday Option Day Story

So Tesla moves up in the first few minutes of trading on a Friday and quickly decides to go south. The DJIA closed down on the day 685 points. Here is how one series of Puts, the 425 series of traded on the day. A low of $4.11, the price the 425 Puts just after the opening and a closing price of $33.90. More surprising were the "out-of-the-money 410 Puts. A low of $.33 and a high of $21.28. The most extreme gain was with the 392.50 Puts which has a low of $.03 or three dollars a contract and a high of $4.12 or four hundred and twelve dollares. Do the math of that one. How many times has this website talked trading "one-day-until-expiring-options" on Tesla options. The answer is many times. There was news this week about Musk raising 75 billion dollars for "Space X" and in doing so is selling out only 4-5% of this new company. Musk is the richest man in the world. Powerful people can make powerful moves. So what's my point? My point is that the option mark...
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My Fascination With Pfizer Options.

The DJIA index closed up 588 points on the day, a Wednesday after losing 870 points on the previous day.
Now Pfizer's one day chart.
Can you see how it got dragged up in today's action?
Now this. There was no trading in them during the last 2.5 minutes of trading. In some ways that's a good thing.
Could tomorrow's market open down? Here is what it's five day chart now looks like. At 9:32 a.m. this morning it was trading at $25.62 and at 10:02 a.m. it traded down to $24.44. A drop like that on tomorrow's opening would do wonders for these Puts. Let's see what happens. Now this. Thursday morning.
It's not what I was hoping for but at 9:35 a.m. it did drop down to $25.76. You can see that on the chart.
Here is what the markets are doing at 10:33 a.m. These Puts are getting crushed.
An end of the day reading. These Puts are in trouble.
Let's see what happens. Here is it's premarket trading at 8:30 a.m. and 9:00 a.m. These Puts have dropped from $.63 (dollars) when I first started watching them so this blog has being a mistake. Last week when I wrote about this same situation the Puts more than doubled.
Sometimes you see these premarket selloffs occuring only to then watch the markets on them open flat. That often happens with the Tesla stock. As it turns out selling into the premarkets would have gotten you some of your money back as the stock opened flat. Pfizer disappointed this time which I am not happen to report. Last we this strategy turned out wondefully well. Short term option trading on stocks in the $25.00 range is often acknowledged as being a difficult space to be in. I will show you at the end of the trading session how Pfizer closed the day. ** Pfizer went on to have a drop on the following Monday morning. Sometimes one week options are better to play.

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