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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...

Tesla. A Good Read - A 10:00 A.M. Short Term Pop On A Thursday

Would you be willing to purchase an "out-of-the-money" Call option on Tesla with one day to go? How far out you might ask? Well $5.00 out is the answer.
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Most short term option player's would not find value with doing this trade simply because it has the appearance of being a flip of the coin type situation. Yet most short term traders also know how explosive this stock can be. Why not wait until 10:00 a.m. on Friday morning with the thoughts in mind about catching slightly "out-of-the-money" Tesla options looking for a reversal? That kind of seems at times to be a sweet spot in the markets. The temptation associated with this current situation is that the stock could creep up a couple of dollars in the next few hours of trading if the indexes start to go up. That action could be tradeable. Yet then again option trading on a Thursday is generally not a sweet spot in the markets to be in. Let's see what happens. The pricings on these Calls does look attractive. Now this action twenty six minutes later.
That's what I was hoping for. Notice the new high of $6.00 which happened during this time period?
Tesla is known to suprise. Tesla ended up closing down on the day! The 10 a.m. pop only lasted for 30 minutes.

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