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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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Options On "Ford" Might Surprise You.

Ford is the stock chosen to explain this situation. Here is it's morning chart.It jumped on the opening with the markets opening up strong and then gave back most of it's gains.
So what does it's five day stock look like?
So now let's look at two different series of it's Call options that expire this Friday.
Here is how these two series of Calls closed the day.
Now Tuesday morning.
Notice the low volume of trading. Trading options on stocks in this price range is more difficult to do than trading options on stocks in higher price ranges. You can't anticipate the daily swings quite the same way. In situations like this take your profits and run. * Here is how Ford closed the week.
The 11.50 series of Calls closed at $.02.

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