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"End Of The Day" Friday Option Trading On Tesla

Back on April 2nd I did a blog called "Two Hour End Of Week Option Trading on Tesla". In that blog it was noted that Tesla dropped in price starting at 1:30 p.m. and 42 minutes later it was $5.95 lower in price, approaching the "must-get-out" at 3:00 p.m. mandated option deadline. Put option buyers getting in around 2:00 p.m. did well on their investments. (The stock was down $20.67 on the day). Here was it's chart on that day. It was a Thursday with Friday being Good Friday. Now let's fast forward to today's action, it being the following Friday. Tesla options had a tough start to the day. Here an example of what I am talking about. Look at the 347.50 series of Calls at 12:34 p.m. Are you able to see how they are down in price on the day? Now this. A look at how these same options closed out the day. They charged back upwards towards the close. The $140.00 option price we were looking at was actually a 4:00 p.m. readout. This chart shows Tesla tradi...
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So Tesla Drops On The Opening On A Tuesday

It's chart.
A look at it's Calls.
A look at Tesla a minute or two earlier.
Can you jump in the play it for a rebound? These Calls are down 50% on the opening.
So we are experiencing early morning market jitters. Tesla was down $37.12 last week. That's like $5.00 everyday. Is looking for an upward reversal simply wishful thinking? Hold that thought. Now this, another shoe has fallen off.
A new thought.It's 10:00 a.m.. There is no reason for the stock to stop dropping but computer buying programs at sme point in time might start to kick in which are willing to accept the obvious degree of risk. Is that at 10:07 a.m. what we are now looking at now? The problem with rebounds like is that if the stock starts move up a touch it runs the risk of getting knocked down again.
I don't like trading Tesla this early in the week with it's option series that expire this Friday. Let's walk away from this situation and check back in later to see what ends up happening. Now it's end of the day readings.
The Venezuela story is taking the action away from stocks like this. When there is news of Trump doing things which might upset world order just stay away.These are unusual times.

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