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Walmart - Trying To Outsmart The System

I don't know if it is going to work. Buying a Call and an offsetting Put on the same stock with the same striking price with two days of trading life left in them. The logic is to sell one of the two if it gets a double or more, (hang on as long as you can), and earn a free ride in an offsetting change of direction. Look at this five day chart and you might see how this train of thought developed. Now a look at one Call series and one Put series. These options both have two full days of trading life left in them. Here is it's five day chart which looks like it might break out. It really takes a share price move of over $2.00 quickly, to make this a fun experience. Options priced in the $1.00 range can suprise. It also could be a total bust. Let's follow this action and see how it all plays out.Thursday morning. I missed tracking the action but this is what happened. The Puts really performed. Can you sell out and take a profit and play it for the upside? Hold that thoug...
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Tesla Calls On A Tuesday That Expire the Next Day

Would you play one day "out-of-the money" options on a series of Calls that are already down 75% on the day and expire the next day? Seems kind of stupid right? I am talking about Tesla.
Tesla trades on the Nasdaq which is taking a beating.
Why buy in here at this particular period of time when the support levels on it are still few dollars lower? Why buy Calls with only 1.5 trading days life left in them? Well at 1:00 p.m. the afternoon portion of the market is about to begin and these options are trading at their lows of the day. "One-day-option-traders" have to think in terms of what might happen in the next two hours or so. If a rebound happens in the next two hours just get in and out. These types of option traders take risk on chart patterns that have yet to make reversals. It's can be a lonely and expensive game to play and if the desired results do not pay off one must quickly revert to different strategies. How the closing chart looks today will hopefully be an entirely different story. Now at look at it's chart 25 minutes later at 1:10 p.m.. Is this the start of a change of direction?
Now this.
You could in theory take your profit and go for lunch. Maybe it's better to skip lunch. Waiting another 37 minutes would make you $100.00 more dollars.
Here is how this series of Calls ended up closing the day.
What a stretched rebound. ** It is estimated that 5-10% of U.S. adults have traded options, at least ocassionally and the number of active traders is probably closer to 2-4 %. About 25-50% of U.S. option trading is attributed to retail traders.

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