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Options On Stocks In The $17.00 -$18.00 Range Are" Perky". The Stock in Play Is Rivian

I don't like playing options on stocks in this price range. It's exhausting because you have to watch them so closely. Look at this action today on the Rivian $17.00 series of Calls that expire in three days. . With this kind of chart a double in a Call price would have happened somewhere between the 10:30 a.m. to 11:30 a.m. time period. As a reader you might look at this statement with scepticism and say how could something move in price that much in one hour period of time? It's the leverage created by having a $17.00 stock swing fifty cents in one hour. The difficult part is in how to figure out when such a move is going to happen. Now look at today's price swing in one series of Lucid's Calls. . Tomorrow will also bring price swings. Let's continue to watch this series of Calls to help us get a better appreciation for mid week option trading on short term Call options of stocks in the $17.00 range. Now Wednesday. .. This action is somewhat unusual however...
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Exxon Calls Options And War. What's Happening This Week.

Last Sunday I started this blog and never posted it. Here is how it started. The next few weeks will not be normal times for Exxon options. Trading them for the last couple of months has being a walk in the park with crude oil prices stuck in a sideways moving price range. All that is suddenly going to change.
Now on Tuesday afternoon I am showing you this five day chart and what one series of this week's Friday expiring options are trading at. The 152.50 series of Calls that expire this Friday.
Now this at 3:13 p.m..
Let me point something out. Exxon spiked on both Monday and Tuesday morning. It seems to do that with the world waking up to new problems. In the opening minute or two of each trading session a feeling of panic is in the air. Will this happen again tomorrow morning? In my most recent blogs I have being emphasizing the new need for option traders to adjust their trading horizions to interday moves only and to avoid to trying to create overnight holdings. Let's what and see what happens this time. Will they spike on the opening? What's this? Wednesday premarket trading numbers.
Premarket trading numbers can often change quickly.
How likely is this to happen? Now this at 8:31 a.m.
Now Wednesday at the close. The jump didn't happen.
So here we are a few days into this exercise and we are losing the battle. Let's see what tomorrow brings. Thursday wasn't much different.
Now Friday morning. A jump in price. The real action was in the 150 Calls, not the 152.50 Calls.
So what really happened? Exxon did suprising little in mid week trading. There was a Friday morning spike upwards. It reflected the uncertainty of what might happen over the upcoming weekend. Smart traders were buying the "at-money-Calls" on Thursday just before the close.

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