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Step Down Charts And Short Term Options. Nio

Here is a classic "step-down-chart" with one minute of daytime trading life left in them before the markets close at 4:00 p.m.. The stock is Nio. ... This printout of "in-the-money" Call option also shows one minute of trading life in them before the market closes. It's Tuesday and these Calls expire this coming Friday. You are purchasing three days of market trading life. To purchase one thousand shares of this stock would cost you $5,750.00. To purchase options that control the price movement of one thousad shares of this stock for three trading sessions would cost you $370.00. ( Ten contracts at $.37 each). These Calls are also currently $250.00 "in-the-money" which means if the stock totally goes flat for the next three days your options will still have that amount of intrinsic value left in them. Now think about this. Many option accounts in the U.S. enjoy free option trading and there are discount brokers in Canada who can save you money. A fl...
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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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