Posts

Featured

Exxon And Tesla One Week Options

Exxon's five day chart is obviously going in one direction. Or is it? Last Friday was a strong day for the markets and Exxon jumped up even more. Here we are now on a Monday morning and this week's Call and Put options are priced equally. Which one is going to win? As usual, there is more interest in the Calls than in the Puts. Let's also look at what might happen with Tesla this week. Oct 10th is now touted as being a "make or break day" for Tesla as it will be their "Robo-Taxi-Day". I am not a big fan of trying to play Tesla options with one week to go because their premiums are so expensive. As for Exxon, I would be more inclined to follow the direction of it's recent trend. Let's watch and see what happens. To be continued. 1) Obsevation #1 on a Monday morning. Look at this. Early into the morning trading the Puts have dropped down from the $1.80 level. Can you see how tight the "bids" and "asks" are. This helps to ma

Deere Again. Tesla's Call Are More Exciting To Watch But Deere Calls Are Also Somewhat Interesting

Image
Seasoned option traders are a clever breed. Why? Well they know how to avoid traps meaning they know how to stay away from dangerous situations. Look at this current situation. Deere got clobbered today, Thursday October 3th. Down $7.80 on the day. Look at this. What does this show? It shows the closing price of $3.30 that this series of slightly "in-the-money" Calls traded at, and it shows the number of contracts traded today on the day. Only eight. Once again, these are "in-the-money" Call options that expire tomorrow. Now this. A look at how these same Call options traded the next day, a Friday. Wouldn't you think that there might be some kind of a rebound after a stock dropped this much in one day? The high on the day for these Calls was $3.50 a contract, an increase of only twenty cents from the previous day. My point once again is that option traders are a special breed who stayed away and resisted the impluse of trying to recapture some of the $7.80 tha

Deere Trading Sideways On October 1st 2024 - Few People Trade These Ones

Image
The stakes are huge. Is Deere slipping? Here is it's five day chart. Could Deere slip to $412.00 on the opening? If it did, could it slip further? The chart looks to me like it wants to open lower. Could you grab some Call options on a weak opening and try to play it for a rebound? Does history repeat itself? Here are how the 417.50 series of Calls traded yesterday on Oct 1st. Can you see how they dipped on the opening and came charging back up? That's the kind of action option traders like to see. Look at how few contracts trade on a daily basis. Clearly trading Deere options is like skating on thin ice. To add some sort of prespective on todays action here is how the indexes traded today. Shown above was Deere's five day chart. Here now is a look at how Deere traded traded today. After a nervous start it showed some strenght in the early afternoon. Now a premarket look at Deere on Wednesday October 2nd. Look at these four stocks and look at the premarket bids and ask

Options on Five and Ten Dollar Stocks Part 3 or 4 or 5

Image
Nio once again. The stock is on fire. Here is it's five and thirty day charts. Now here is last Friday's one day look at one series of it's Call options. On Thursday they closed at .07 (seven cents) and on Fridays close .52 (fifty two cents). To difficult to trade you might say. Well it's happened before in the recent past. Now Xpeng. ............ These are the 12 series of Calls which closed at $.16 on the previous day. These are dangerous options to play. Other EV stocks are also hot. Now this.**** Nio in the premarket Monday morning Sept. 30th. Another huge move upwards. *** There is talk that short sellers are covering their short positions on Chinese stocks. That might explain part of this action. It all has to do with currency reforms.