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Step Down Charts And Short Term Options. Nio

Here is a classic "step-down-chart" with one minute of daytime trading life left in them before the markets close at 4:00 p.m.. The stock is Nio. ... This printout of "in-the-money" Call option also shows one minute of trading life in them before the market closes. It's Tuesday and these Calls expire this coming Friday. You are purchasing three days of market trading life. To purchase one thousand shares of this stock would cost you $5,750.00. To purchase options that control the price movement of one thousad shares of this stock for three trading sessions would cost you $370.00. ( Ten contracts at $.37 each). These Calls are also currently $250.00 "in-the-money" which means if the stock totally goes flat for the next three days your options will still have that amount of intrinsic value left in them. Now think about this. Many option accounts in the U.S. enjoy free option trading and there are discount brokers in Canada who can save you money. A fl...
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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? Down and dangerously "out-of-the-money".
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 reading at 3:59 p.m. Back at the 3:00 p.m. (the deadline period for this Friday options) they were trading for slighty less but still well above the $.31 price range they were trading at back at the 12:34 p.m. readout time period.
(This chart shows Tesla trading somewhat higher than this price at the 3:00 p.m. deadline to get out).
So what's my point? When this stock starts to move on Friday afternoons traders should take note. Next weeks Call options should also become a consideration. The uncertainity as to what might happen to this company over the weekend starts to attract traders looking for market resets. The bottom line is that options on Tesla options on Friday afternoons are a reflection of forward thinkings. ** Here are two other stocks and their option I often talk about that did well on the day. 1) Super Micro Computer.
2) Netflix.
It's chart looked much the same.
End of week one-day-option trading is always full of suprises.

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