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A Classic Tesla Friday Option Day Story

So Tesla moves up in the first few minutes of trading on a Friday and quickly decides to go south.
The DJIA closed down on the day 685 points. Here is how one series of Puts, the 425 series of traded on the day. A low of $4.11, the price the 425 Puts just after the opening and a closing price of $33.90. More surprising were the "out-of-the-money 410 Puts. A low of $.33 and a high of $21.28.
The most extreme gain was with the 392.50 Puts which has a low of $.03 or three dollars a contract and a high of $4.12 or four hundred and twelve dollares. Do the math of that one.
How many times has this website talked trading "one-day-until-expiring-options" on Tesla options. The answer is many times. There was news this week about Musk raising 75 billion dollars for "Space X" and in doing so is selling out only 4-5% of this new company. Musk is the richest man in the world. Powerful people can make powerful moves. So what's my point? My point is that the option market deserves more respect as does little Mickey Mouse blogging websites like Catputs. Yes you can teach yourself to trade options as the mechanics of doing so are not difficult. Watch stocks like Boeing, Ford, Nio, Caterpillar, Nvidia, Exxon, Walmart and Disney. Learn the way their "bids and asks" trade in terms how far apart their spreads are. Look at Nike and think about the world demand for shoes. The stock is down 31% in one year or Nexflix and think about what they should be doing to tweak their business. Nexflix is down 43% in the last year. Think about playing "one-year-out" options. You are smarter than you think. Learn to make option trading a bigger part of your investment strategy.

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