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Tesla Option Trading At A New Level. This Is An Important Read.

Tesla now has option series that expire on a Monday, Wednesday and Friday. A handfull of other stocks shown below have also switched to this same format. Before that they expired only once a week on Friday with traders often wondering if they should jump onboard Thursday seconds before the closing bell looking for a definitive move on the opening. With this new 'three-times-a-week" format traders will be watching the action on Fridays, prior to the markets closing, looking for Monday morning moves. This switchover started back on January 28th of this year. The stocks listed below were also part of this change. Now watch the wild action on one series of Tesla Calls today. First it's five day chart. Now it's early Monday morning chart. Look at how it has given up it's opening gain. Option traders who bought Call options just before the close last Friday had a morning opportunity to get out at a decent profit. Now this, a look at one series of its Call options tha...
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Let's Set the Stage For A Friday Option Ride on Tesla

Tesla has moved sideways all week. That is unusual.
Here is what the markets are doing.
Now it's morning trading chart and two series of it's options late in the morning. It's 11:51 a.m..
There is also more action in the Calls than the Puts as there always is. Call holders were rewarded in the early morning trading action. Now a different way to present the same material.
Now this action on the Calls and Puts a few minutes later at 12:30 p.m. or 31 minutes after our first reading.
The Puts have gone from $1.44 to $3.48. Here is how Tesla closed the day.
If you could do one trade a week like this you would be a happy camper. ** See my February 13th blog about Telsa dropping on a Friday afternoon.

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