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Tesla And One Of The Busiest Option Games In Town.

Here we are on a Friday morning with the DJIA index down over 1,000 points in the last three days of trading. Now look at Tesla's one and five day trading charts. Now at look at this series of Calls. Might Tesla suprise to the upside on the day? Now this, how the indexes are doing at 11:15 a.m. They are only a tad better than when we first looked at them. .. Knowing that Friday afternoons can be a rough ride do you take a modest profit and get out? We did afterall miss the low of the day in this option series and part of the mini ensuing rebound. I would. Now this at 1:41 p.m. just under two hours later. The party for these Calls is over. This was a bad week for the markets. A short part two. Can you buy Calls on Tesla at $2:00 p.m. that expire at $3:00 p.m. That's the time of the day these options expire on a Friday even though the markets keep trading to 4:00 p.m.. Here they are at 2:04 p.m. This time we are looking at a different series of Calls with a lower striking pr...

Why Did G.M. Go Back Up Again?

It went up on a earning report. I talked about that in a recent blog. Now this.
Traders are not getting excited about this opportunity of playing the downside. Analysis are all busy extolling the virtues of playing it's upside. $100.00 dollars a share many are now saying. Now this less than an hour later. With the D.J.I.A. down 221 points you don't know if it's going to continue on and drop 600 points.
When you play G.M. Puts you have to get in and out as quickly as you can. The reason for looking at it this time is because the indexes were looking pretty ugly. ** Here is how they closed the day.

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