Tesla Options In A Weird Position

You don't see five day charts like this very often. Look at how it was up and down so quickly. How will it open on Tueday morning, with Monday being a holiday? Tesla is one of the stocks that has weekly options on it expiring on Monday, Wednesday, and Friday. Other companies like Boeing are set up on a once a week expiracy schedule but not Tesla. The options at this point in time we are looking at are "two-day-until expiring options". Guess the right direction it moves and you will win. So what happened on the opening? Here is a look at how it traded. Tesla jumped to $260.00 a share in the first few minutes of trading after closing at $254.08 . That's like $6.00 up. The 235.00 series Calls we were looking at closed the day on Friday at $4.80 jumped in the early morning of trading to a high of $9.24. ..... Two comments. Option trading is about catching directional changes and some of the best directional changes happen on the opening on Monday mornings. In this case...