No Action In The Stallantis Options That Expired On Sept 11Th

First it's five day chart.

Look at how there was no interest in trading the five series of Calls that expired that day (last Friday) or the five series of Puts that also expired that day. No interest means low expectations for change. For sixty or ninety day out option traders that can be a good thing.

Stallantitis options are out of fashion. The stock is down and out. One doesn't have to be paying big option premiums to be part of playing in this game. Here is it's three year chart.

I don't really want to make a case for why I think Stallantis is an amazing company. I like other companies better. Yet I also think this a play on the tarrif war between Canada and the U.S.. Hopefully it will be getting sorted out in a favorable way. Stellantis is invested heavily in Windsor Ontario. It would be terrible to make supply changes. Michigan auto workers wouldn't be happy. Trumph needs their votes. My focus is on extremely leveraged option positions that would benefit with the tiniest of moves in the stock's price. Options on five dollar stocks tend to be highly leveraged and three and four and six months out time periods can suprise. Look at these two series of Stallantis Calls. Both expire in March of next year which is more than five months out.

Quantities of ten contracts can be bought at one time and with a reasonable expectation of making of making a couple of hundred dollars in one trade on a slight upward tick. I still like playing one week to expiring options better. Yet a small selection of six month out options on stocks in this price range is always a nice diversion to have in your portfolio with the mindset of getting out well before they reach their expiracy dates. Note I picked Call options with a six and seven dollar striking price. Here is how it has traded so far this year.

Let's check back in a month or so to see what has happened.