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Tesla Call Options On A Friday Morning

First, here is what the D.J.I.A index is doing, not that it matters all that much. These Calls are down like 50% from the previous day. Tesla did drop on the previous day, a day in which the market dropped 669 points. Some stocks are having a good morning. Look at Snowflake. Might Tesla wake up and take off again? The same with Apple which had a big fall on the previous day. This kind of nervousness is what Friday morning one day option trading is all about. Some option traders capitalize on situations like this buying instead next weeks out day (five day) options. Let's see what happens. Now this at 12:42 p.m. The DJIA index is creeping up. .. I don't really like the slow creep back up knowing that with any bad market news everything could sell off in a heartbeat. I would just get out. That's me. To be continued. Here is how these Telsa Call were trading at the 3:00 p.m. get out deadline. Now here is how Tesla closed the day. Sometimes taking profits when you see them...
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One Day Options On One Of The Most Difficult Stocks To Play Options On. Carvana

Carvana has a dubious reputation it can't shake. Insider stock manipulation or something like that. That's old news and now there are more new fears over their accounting procedures and with that comes stock volatitity. You Tube videos also talk about this situation. Here is it's five day chart and here is how their "two-day-until-expiring" Call and Put options are positioned going into tomorrows (Thursday's) trading session.
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Both are crazy expensive however they do offer two days of trading activity. That's a long time for options on a stock like Carvana. Look at the dip and the rebound it had on Wednesday.
Now I am jumping ahead to Friday, the final day of trading on these two series of options. Look at this. First a five day chart showing Thursdays and Friday's action.
Now it's Friday only chart.
So what's important about this one day chart? This. Look at how it's Calls options traded.
The Call holders lost all their money. Now look at the Puts.This series of Puts we are watching did wonderfully well as did the series of Puts with a higher striking price we were looking at on the closing on Wednesday.
Now here is what really happened. The stock closed Thursday at $427.44, opened at $425.21, jumped back up to $427.50 which was $.06 higher than the previous day's close and then tanked after that in the first nine mintes of trading.
In these nine minutes the Puts exploded in price. Anyone buying a Put contract at the 931.00 a.m.-932.00 a.m. time period at $370.00 dollars per contract would of had an exit point if they wanted at the $1,950.00 ptice point ten minutes later! Carvana regularly produces unexpected price swings. If it happens on a Friday it can become a really dangerous game.

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