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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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Unusual Machines - A Look At It's Calls

Lets start with this. A five day look at it's chart.
Just over $14.00 at the start of last week to end just down under $12.00 at the end. Is anything bad with the company happening? Now this.
An open interest of only 17 as of of Friday. Let's fast forward to February 19th.
Here are other drone stocks to watch. They all seem to go up and down together.
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Options on ten dollar stocks are difficult to play and it gets more difficult when they are drone stocks. Dragonfly is a Canadian company and I live in Canada so this is one I follow. Here is it's one year chart.
It's dangerous with a book value of only $.85 cents per share.
Do your own homework. A January 10, 2027 Call will cost you $3.40.
Here is how much they cost on the next day.
Yes there are traders who find value in this proposition. Options like this scare me. Here is how the Febuary 20th 12 series of Calls on Unusual Machines closed the day.
Notice the $1.75 price up from $.85 a few days ago and no volume of trading. This is a scary space to be in. **** See my Oct 19th blog for months ago called "Drone Stocks Are On A Terror".

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