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Trumph Picks A Friday To Change The Rules.

This is kind of dirty pool. So the stock and options jumped on this news. Did Trumph's cronies get in on this action? It's difficult to tell as they could have got in a few days or a week ago and they could have bought Call options with longer term expiracy dates. Or his stockbroker cronies could have bought the stock to also profit in this gain. Certainly the authors formulating these policy changes were part of this action. In all fairness I can't prove that insiders profited from this Friday event. Yet here is the thing. Releasing this kind of news on a Monday or Tuesday would mitigate this kind of an event from being as impactful as it potentially could be. Option premiums shrink in value the closer you get to their expiracy dates. Lawmakers know this. They should know better than to allow this to happen. No government policy changes that will directly effect the stock market should be allowed on the trading days of the week when the majority of short term Call and P...
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Tesla - Intraday Trading. It's Not Usually This Easy.

Last Friday's blog covered the same topic. Here we are on Tuesday after Monday being a holiday. Tesla down $12.58. We are looking at Call options five dollars "out-of-the-money" with 1.5 days of trading life in them.
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Now this. A bit of a pop after lunch.
Now here is how the stock traded on the day. Can you see how the exit point at 2:10 p.m. was a tad premature. Yet look at how smooth a ride it was.
What did these Call options ended up trading for at the end of the day? Well it doesn't really matter. My last blog about playing Tesla showed the vary same thing happening. Yes you can play these options if you time it right. Timing is everything. Thousands of traders are tuned into this action.

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