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"End Of The Day" Friday Option Trading On Tesla

Back on April 2nd I did a blog called "Two Hour End Of Week Option Trading on Tesla". In that blog it was noted that Tesla dropped in price starting at 1:30 p.m. and 42 minutes later it was $5.95 lower in price, approaching the "must-get-out" at 3:00 p.m. mandated option deadline. Put option buyers getting in around 2:00 p.m. did well on their investments. (The stock was down $20.67 on the day). Here was it's chart on that day. It was a Thursday with Friday being Good Friday. Now let's fast forward to today's action, it being the following Friday. Tesla options had a tough start to the day. Here an example of what I am talking about. Look at the 347.50 series of Calls at 12:34 p.m. Are you able to see how they are down in price on the day? Now this. A look at how these same options closed out the day. They charged back upwards towards the close. The $140.00 option price we were looking at below is actually a 4:00 p.m. readout. This chart shows Tesla ...
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Tesla On A Wednesday. ( With Options On it That Expire The Same Day ).

Let's start with this chart. Tesla is stuttering after the opening.
Here are how one series of Calls are trading. What you need to know is that these are Call options which expire today, on a Wednesday which are not the usual Friday expiring options I commonly follow. Who would be bold enough to be playing "last-day-to-expiring" options?
Next, Tesla at 1:42 p.m.
...
Now a different look at the same action.
So at 11:08 a.m. thirty three minutes after we first started looking at them they jumped up to $4.50 per contract and at 1.04 p.m. they jumped up to $4.33. These are impressive gains. Now this at 3:00 p.m..
. These Call options have run out of time. 3:00 p.m. is deadline for when retail traders have to be out of their positions.
Tesla can sometimes jump $25.00 in one day. I get it as to why there is a fascination for one day option trading on Tesla, especially when the DJIA trades so erratically on a "hour-to-hour" basis. With this kind of trading you have to learn to take your profits whenever you see them. Unless you're playing with recent profits forget trying to play them. ** Now this. A fresh look at what happened to the 412.50 Puts just before 3:00 p.m..
Is you bought the Puts around 1:00 p.m. you could had made money holding them for an hour or two. With more Call options outstanding than Puts and with options expiring that day the safe bet would be on owning the Puts. Here I am talking about options on Tesla that expire in two hours. I don't know if that is a good or bad thing. Next Wednesday I will do a blog about how it's Puts traded in the last two hours of trading.

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