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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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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. That said, it's often wise to take any profit on a Friday when you see one.
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? Or is it? To be continued.

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