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Going Out On A Limb. Exxon Calls.

Let's start with this. A five dollar drop is one of the biggest drops in days. These Calls don't have the strenght of Calls purchased at the close on Fridays which then give you the advantage oil prices shifting over weekend discontent. Let's see what happens. Here is what it's afternoon trading looked like on the day. It depends on what is said to be happening overseas. These Calls could jump on the opening. At 1:00 a.m. it was trading flat. Now a reading on Wednesday at 4:00 p.m. There was no bounce back up however the D.J.I.A. sold off at the end of the day.
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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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