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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...

The Auto Industry Is Under Control

Look at this printout. Almost every stock on this list was totaly flat. Tesla up fifteen cents. Do you know how seldom this happens? It never does. Yet it happened today.
Now this, a chart of how Telsa traded on the day.
Look at the three hour price swing between 11:00 a.m. and 2:00 p.m. Now this. The 30 day out Call options on Tesla.
Now the thirty day out Put options. They mimic the same kind of price swings.
Intraday price swings of $7.20 and $6.97 on these two series of options. So why is this important? Watching thirty day out options is increasingly becoming a smarter way of churning out profits. In these examples one is putting out sums of money like $2,000.00 U.S. with the expections of daily returns, well in this case about $700.00. I know what you might be thinking. You might be thinking that the risk/reward aspect of the equation doesn't make sense. In response to those concerns I would say employing this strategy works best for traders already engaged in trading other option positions at the same time. The nice thing about 30 day options is that the clock is not ticking against you as with short term options. Do your own research, watch Tesla today. Might this be something to consider doing? ** Now this approaching the 11:45 a.m. mark on Tesla the following day which is Wednesday Feb 4th. Telsa is down on the opening and here is how it's 30 day out Calls are doing.
Let's see what happens. Now this at 1:00 - 1:17 p.m.
Picking the bottom of reversals is the difficult part. Now here we are at 2:00 p.m. These options are slightly off their lows of the day. More buying volume is coming into them.
Here now is how these Calls closed the day.
They didn't do much on the day. Let's see what tomorrow brings.

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