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Who Is Going To Get Rich Playing Options On Space X Technologies?

It's symbol is SPCX. It is my opinion that in the near term Tesla options will be more playable than these new the Space X options. Playing options on Tesla over the last few years has become a comfortable experience for many traders. They have a personality. Often times the stock will jump or fall ten or more dollars on the day and there seems to be an endless scource of fresh news as to what is happening with this company. What's happening with it's German production, what's happening with it's sales number in Australia, what's happening new models coming out and new self driving features? I doubt in the near term if the news on Space X will be as engaging. I could be wrong. All I know is that Telsa's last day to expiring options often offer roller coaster rides. But wait, as we all know there is a new kid on the block. Space X options are now here. Same management, different company. Traders don't know what to expect. Here is how it traded on Thu...
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It's Almost Spring - Home Depot

On Monday I talked about two things. First I talked about catching Tesla dropping in price as the markets sold off after a super strong initial surge upwards. Then I talked about Calls on a stock called Super Micro Computer and how it's seventy one year old co-founder got arrested causing the stock to drop over 30% in one day and playing it using Calls for a slight rebound. Both of those situations were one day, relatively straight forward trades. This blog today on Tuesday leading into Wednesday is different. Home Depot jumped upwards in price on Monday partly on "self-promotional" news and then dropped a touch. Here we now are looking a Home Depot at 1:30 p.m. on Tuesday. As you can see it has rebounded somewhat. The DJIA is trading relatively flat.
....
It's a good news story but might it be running out of steam? Once again, at 1:30 p.m. according to the volume of Puts bought it looks like it is not going to. Traders do not appear to be jumping into the downside. Here is a look at it's 330 series of Puts.
I am not a big fan of playing options on stocks like Home Depot, Lowes or others in this retail space. I find they can run up or down on misinformation. In any event, I think the sentiment on this stock can turn negative very quickly. Higher energy prices will place a drag on margins. Costco is feeling the same pain, trading down from it's recent $1,000.00 dollar prie range. I have recently talked about that. Here is a statement made yesterday by a company exective which feels somewhat shallow.
Let's watch this 330 series of Puts which expire this coming Friday. Now this fifteen minutes later. The stock is holding tough.
Now this. An end of the day reading.
Here is how the markets closed the day.
At this point anything can happen. In a way it watching is situation unfold is a mistake I should have avoided. Holding overnight option positions on Tuesday evenings on a stock that spent most of it's afternoon trading life going sideways is not a good thing to do. Home Depot is not in a freefall mode. With three full days of trading life in these options anything can still happen. Yet honestly there is no real reason to be in these Puts. Let's see what happens. Now this in the premarkets.
These readings often end up being wrong. Now a 10:40 a.m. readout.
Now this at 10:58.
Take back your money and get out. Two points to be learned. 1) Tuesday afternoon options that expire on Friday are usually "ambiguous" trades. 2) Premarket numbers can lie. ** Now a Thursday at the close look at the 330 Puts.
The gentle decline in the in the stock's price on Thursday was not reflected in the pricings of it's 330 Puts that expire on Friday. The time value pricing part of the equastion is quickly decreasing Let's see what happens. Will the markets continue to down on Friday? Yes!
I don't know why so few traders saw this coming. The DJIA was down 793 points on the day.

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