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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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Friday One Day Option Trading Cut to The Chase

Let's start with Nvidia Puts on Friday March 15th, Over 55,000 contracts traded on this one series alone on the day..
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The lows of the day happened when Nvidia was trading around $186.00 in the early morning. It was a smooth move downwards after that. Here is how the DJIA closed the day.
2) Number two on our list is Home Depot. It opened stronger on Friday morning however it closed the day totally flat. Here is how one series of it's Puts closed the day. Notice the spread between the near opening high and the low of the day.
It like Nvidia sold off most of the day. 3) Tesla. One series of it's Put options traded over 45,000 contracts on the day. Other series may have traded more. It's chart like the two above was mostly down all day.
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4) Apple is another stock that took a hit for over $5.00 on Friday. Here is how one series of it's Puts traded.
5) Caterpillar. In this case the big move down happened in the first two hours of trading.
So what is my point? With a new war now happening, maybe it's time to rethink how you should be or if you should be trading in the markets on Friday. Trader's are getting tired. Maybe it's best buy into one day Calls on the close next Thursday on stocks like Telsa and Caterpillar to catch the inevitable "end-of-the-week" Friday trading exhaustion caused by Trumphs war or just sit it out and wait for more normal conditions.

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