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Tesla Calls On A Friday That Expire On Monday

It's the same topic I posted last Friday. Today is Independence Day and the markets are closed. For this reason we can't really talk about mimicking last last Friday's trading. Here is it's five day chart. As you can see Tesla dropped on Thursday. Here is a look at how one series of Telsa's Puts traded on Thursday. Now look at the pricing on this one series of "slightly-out-of-the-money" Tesla Calls as of Thursday's close. These Calls would let you be in all of Monday's trading action. Is the price of $4.60 a contract a fair price? Well consider these two points. One day swings in stocks in general in the $400.00 price range can be significant. This five day chart of Tesla below shows you how it jumped $32.13 last Monday! The second point is that long weekends (three full days of no market trading) are know to cause market resets. Stocks like Exxon can get whipped around. That's what makes the pricings on all options now so difficult to gau...
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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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