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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.
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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 flip on the opening upwards and these $.37 Calls could jump to $.45 in a heartbeat. $370.00 could go to $450.00. What a waste of your time you might say? Maybe, however consider this. Here is the one day action in "Nio' only six trading sessions ago.
When it decides to move it moves quickly. Here another five day chart lifted from a May 4th blog posting . It also shows the type of movement this stock can make. It can trade wildly and often does.
My point is that some option players micro manage positions like this to the point where it all becomes a bit of a game. Let's see what happens to these options this time. There are no gaurantess as they might end up expiring worthless. That plus what do you think of step down charts? Let's find out.

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