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The Topic of Tesla Jumping On Friday Mornings And To A Lessor Degree Later In The Trading Day.

Why am I often talking about playing Tesla options with one day of trading life remaining in them? One reason for doing this is that the Call and Put options on this stock hava recent a history of pleasing it's followers. What are the odds of sizeable jumps happening? I would suggest more often than you think. Jumps in the first hour of trading can be large. That' a given. . Can you make money trading these hot potatoes? Yes and no. The concepts of fear and greed come into play. Here is how it jumped in price on Friday June 26th . First it opened lower. The time to buy in was in the first minute of trading. It topped out at 11:30 a.m. That was a huge increase in price. Then between 11:30 a.m. and 3:00 p.m. it lost $7.00. Here is a better look at this action. . . Other stocks may also have interesting Friday trading patterns." Last Day Option Trading" is not for everyone.
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What A Week For Market Swings. This Time Boeing

My last two blogs have focused on options expiring on Mondays and Wednesdays. This blog on a Thursday deals with options that expire tomorrow on Friday. AS A GENERAL RULE PURCHASING CALLS ON A THURSDAY MORNING THAT EXPIRE THE VERY NEXT DAY IS NOT A SMART MOVE TO MAKE. We have witnessed huge daily price swings this week where profits from option trading can be made in a matter of hours. Now let's look at Boeing's morning action.
Sometimes when you see charts like this and if you're coming off a streak of three or four profitable trades it's best to jump in hoping for a reversal to the upside and ask questions later. Especially when the D.J.I.A is strongly up in price as it was. I quickly looked around and couldn't find any news to account for this price drop. Trumph was in China and we later learned that there was talk of China ordering 200 more of Boeing's new airplanes. China is always going to want more airplanes. Talk like this is only talk. Now this at 9:51 a.m..
The interest in playig this "at-the-money" series of Call options at this particular time in the day wasn't all that great. What's next? Is this the start of a rebound? Our next readout is nineteen minutes later.
So what's next?
The Calls are now $5.00 up from $3.90. Well they actually went down to $320.00. Now this.
...
You can see Boeing's big opening drop and small rebound. The rebound was playable. Things then got ugly very quickly. An opportunity presented itself to catch a second wave downwards. Who would be clever enough to catch that directional move? These Call options closed at their low of the day at $140.00. Rising fuel costs are not good for Boeing.

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