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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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The Silly Game Of Playing Pfizer Options

Last week I posted a blog about buying Pfizer Calls at the very end of a trading session when the DJIA was down 500 points. Options on stocks that are in $25.00 price range are highly leveraged and it doesn't take much of a move in the stocks price to generate a move in the underlying options. That's the logic behind this kind of trade. Today similiar circumstances (a sizeable drop) are brewing with the DJIA index now down in mid morning trading. Could these Call options rebound from an early morning drop?
Here are two series of Call options to follow and Pfizer's current five day chart.
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Let's see what happens. Here is the 25 series of Calls again in the late morning trading.
Now here is how they closed the day.
This series did nothing all day and the DJIA never came back.
Now this on Wednesday morning.
$.25 to $.36. Now more upward movement and look at the buying volume pouring into them.
Notice the jump tp a high of $.52 ? Notice the volume of trading swell from 204 contracts to over 6,737 contracts in only 31 minutes. That's the rebound potential this kind of situation offers. ** Thursday morning saw a jump to $.63.
Now this at 2:12 p.m.
Here is how they closed the week.
One week options on $25.00 stocks is a dangerous game to play.

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