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First Hour Monday Morning Trading In Walmart

First it's chart. Then a look at one series of it's Call options at 9:48 a.m. Look at how they traded down to $.72 cents. Now this five minutes later. Now this another five minutes later. Would this be enough of a gain to take making it your first trade of the week?

A Follow Up To My Recent (April 27th) " Nio" Blog

Nio was the tenth most actively stock traded by share volume on the NYSE this week. It often makes the top five list. It's a company making Electric vehicles. One caveat is however that a few years ago this stock was was trading at a much higher price. Ironically that's when it was losing a lot of money. Now it'starting to make money for the first time. Look at it's five year chart.
The short interest in Neo is around 6% which is not that big deal. It's a difficult stock to play options on. All options on stocks in this price range are difficult to play options on. Also their monthly vehicle production numbers (which somehow miraculously appear on the very first day of each month) can be all over the map. New models are always being introduced while older models seem to disappear. BYD is also experiencing the same issue.
Did the stock explode this week after releasing these production numbers? No. Here is it's one week chart.
Here is how the "six-series-of-Calls" which expire on May 8th closed out the day on Friday.
This might be the week when this series of Calls surprise. Look at how they opened on Monday morning.
Let's see what happens.

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