Tesla Options With One Day To Go. A Wild Ride As Usual.

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Look at it's three month and five day chart.
But wait, the only chart that really matters is how Tesla traded on the day. Is there a lesson here to be learned here? Yes, it is in finding the sweet spot in playing short term Tesla options midday, on the day before it's options expire. That is a hypothesis worth exploring.
The real winners on the day were traders getting into the Puts just after 1:00 p.m. Now here we are looking at the 350 Calls and Puts that expire tomorrow which is a Wednesday.
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There is an equal open in the Puts and the Calls. The volume of trading yesterday on the Puts was more than double what it was on the calls. Most traders got out of their positions yesterday, not willing to take the risk of hanging onto overnight positions.They also were able to make money riding the stock down in the afternoon. Lets look at Tesla Calls and Puts that expire this Friday and look to see if there are more traders holding Call options that Puts.
Yes there are. Now this, the Wednesday morning premarkets. Tesla is down.
Now these same Tesla options just after the opening on Wednesday.
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Look at all the price changes. Look at how low the Call option traded down to and how high the Puts options went up to. * Now this a few minutes later. The tables have changed again.
Here is Tesla near the end of the day.
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The Puts didn't change very much on the day and the Calls expired worthless. Some daytraders were able to cash in on this movement.

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