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Let's Set The Stage For A Friday Afternoon 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. 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 tp present the same material. Now this action on the Calls and Puts a few minutes later. Here we are at 12:30 p.m., which is 39 minutes later. The Puts have gone from $1.44 to $3.48. If you could do one trade a week like this you would be a happy camper. Closing readings to follow. ** See my Febuary 13th blog about Telsa dropping on a Friday afternoon.

The Deere Jump And A Decision To Make On Friday Morning If You Want To Catch The Action

Read my last blog. Yesterday John Deere shot up to the sky. Will there be a fallout today? That's the current question. The first printout shows the 645 series of Calls at 10:17 a.m. There was some action early in the morning. These options expire today.
Look at this printout. The Call options crashed on the opening and then rebounded. I can explain better what happened by showing both it's five day and one day chart.
Can you see the massive jump it had yesterday? Now can you see on the printout below how it dipped on the opening at 9:40.00 a.m. to 647.05? That's when the 645 Calls dipped down to $6.00 before jumping back up again and doubling in price.
One has to now wonder if the 9:40 a.m. reversal was a computer generated/Ai move given that it happened at exactly 9:30 a.m. So now what? Let's look at the current chart above and think about whether or not we want to buy the Puts to catch what looks like to be a fall. Here is one series to consider.
At 10:18 a.m. would you be happy with that decision? If so here is how they are trading 49 minutes later. Take a guess what they might be trading at. Are you ready to find out? Here they are.
Sellout and say thanks or wait. It's your call. Here is a new chart at 11:14 a.m. Deere seems to be hanging tough.
Now it's five day chart at 11:25 a.m. which might help add a different perspective.
Can you see how the day is not over yet? To be continued.

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