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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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A "Get Ready For Monday Morning" Blog . "Avis-Budget" Symbol "CAR"

There is always news. War news. News on gas prices and news that Costco is trying to sue the government over tariff monies. Two weeks ago I mentioned a situation with Super Micro Computer. That stock really got beat up when a company officer was arrested. Now that news is slowly being shrugged off. Now this, the car leasing company Avis has a story. To better help explain what is happening let's look at it's five day chart.
. What's going on? Articles are appearing saying that stocks in this sector are being boosted by TSA Airport chaos. Yet there has to be more news than that. Look at it's latest five day chart.
Here now as shown below is how the 170 series of Calls last Friday closed out the day. On that day alone the stock closed up $20.35 dollars! Options trading at $4.00 jumped up to $21.00! Other stocks in the same sector remained relatively unchanged.
The stock is now in nose bleeding territories.
Obviously options on this stock will be hot potatoes this week. Here we are now at a Thursday close, with the markets being closed the following day for Good Friday. Here are two "near-to-the-money" series of "next-week-out" options to look at. One chart shows the Calls and the other chart shows the Puts. These pricings both offer five more days of trading life.
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How do we play these options moving forward? It's best at this point in time just to wait until tomorrow afternoon to see if you agree with which way the pedulum is moving. It went up so fast. Could it fall just as quickly? Fighting strong stocks is never an exacting science. If you miss trying to play this Monday mornings action I wouldn't lose any sleep over it. It's just to much of a gamble. To be continued. So the stock is up on Monday morning and 50 Put contracts on the 190 series popped onto the screen. So to did a fewer number of contracts in the 200 series of Puts. The fifty contracts might be just one ticket. Stocks can't go up forever but something is driving this stock up..
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Now the closing day readings.
Up over $22.00 on the day. It's always difficult to fight a stock when you never know the entire story. Rumours are it's a short squeeze.
Here is it's current three month chart.
Buyers today were even buying the 250 Calls which expire this week and were not bailing on the close.
You don't see this kind of action very often. It's Tuesday! Up 42.55 on the day.
Look at what the 250 series of Calls that were trading at a low of $.90 cents yesterday or $9.00 a contract are trading at now.
There was a touch of selling presuure just after the opening today however it didn't last long. At this point in time all I can say is that stocks don't go up forever. What a ride this stock had! Did Friday's reality offer some relief? Not really. It sold off and came charging back up again.
Trying to play options on them now is not really feasible. The premiums are to expensive.

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