Tesla On A Wednesday.
Let's start with this chart. Tesla is stuttering after the opening. Here are how one series of Calls are trading. What you need to know is that these are Call options which expire today, on a Wednesday which are not the usual Friday expiring options I commonly follow. Who would be bold enough to be playing "last-day-to-expiring" options? Next, Tesla at 1:42 p.m. ... Now a different look at the same action. So at 11:08 a.m. they jumped to $4.50 and at 1.04 p.m. they jumped up to $4.33. Now this at 3:00 p.m.. . These Call options have run out of time. 3:00 p.m. is deadline for when retail traders have to be out of their positions. Tesla can sometimes jump $25.00 in one day. I get it as to why there is a fascination for one day option trading on Tesla, especially when the DJIA trades so erratically on a "hour-to-hour" basis. With this kind of trading you have to learn to take your profits whenever you see them. Unless you're playing with recent profits ...
