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NIO Could This Be The Real Thing?

Do you know the company? The stock first came to the DJIA back in 2018 at $6.25 a share and no it doesn't pay dividends. It took off. Here is it's share pricings dating back to when it first got listed. A lot of people got burned. Here was an overseas company boasting of having the fastest electric car in the world. Zoom went the stock and then it crashed. Now this. Today it had news. A quarterly earnings report and for the first time it turned a profit. That was a suprise.The new question is can they continue to do this or was this event just a splash in the pan? Look what happened this morning. This is a five day chart. Look at these 9:46 a.m. Call options and the 4:00 p.m. options. ... So this is a situation where you can buy in after the release of good news and still get out in the day at a profit. Imagine if this news came out on Thursday afternoon just after the closing bell? Inexpensive little soon to expire "one-day" Call options would shoot to the moon....

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 all companies traded Tesla would come it at about number two. My next statement is going to sound kind strange. One strategy often employed by dedicated option players is to look for quick reversals on Telsa on the opening on Friday mornings with their soon to be expiring options (at 3:00 p.m.) and see how this situation plays itself out. That's what has happened in the first chart shown below. It sounds silly yet watch them for yourself for the next four or five weeks and see how often this pattern plays itself out. 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 where it started 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, at least one series of them.
Now this. Anyone who bought the Calls on the opening dip would have already more than doubled their money.
The action in Telsa options in the first few minutes of trading is often the best action of the week. Yet I am not saying it's easy to play them. *** Here is how Tesla closed the day.

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