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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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Caterpillar Jumps Like $30.00 On The Opening

Here is it's chart.
Nobody used options to play it. The stock opened stronger.
Now what? The Puts? Ten contracts have traded in the 707.50 series.
. Why aren't more traders attracted to this situation? Why haven't ten or fifteen thousand contracts on this series traded so far this morning? Sure it's dangerous however the potential to make money on this trade is huge. Over the next few hours or days Trumph will mess up again and say something stupid. He is the most powerful man in the world. Let's see what happens. Now this only fourteen minutes later.
Look at the wide spread in the "bid-and-ask"? Nervousness is in the air. Now this, a look at a lower series of Put options, the $700.00 series.
When I see 100 contracts traded I get suspicious. A bigger fish is also playing these options. That doesn't matter. Going solo can be a lonely game. Let's move forward to 12:15 p.m..
Let's go back to the 707.50 series of Puts and look at how it is trading at 12:49 p.m.
I would say just get out.
I would say getting in at $13.90 and out at 20.89 is good enough when it starts to look like the stock might decide to go sideways. Here is how the markets and these Puts closed the day.
Take your profits when you see them. Tomorrow is a new day.

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