Tesla Calls That Expire In 55 Minutes At The End Of The Week.
First Tesla's five day chart going into Friday's mid afternoon. It's January 2nd on a Friday. Is it time to make another trade to end your week? Can you trade Telsa options that expire in one hour? How stupid can you be? That's one way to look at it. You can see it jumped upwards on the opening and then lost that gain. It is now off over $20.00 from it's morning high. On the surface it appears that there there is no quick way to make money on this situation. If there was everyone would be playing them. Hold that thought. Look at these Calls which now expire in 55 minutes (for retail traders on Friday's last day to expiring options expire at 3:00 p.m. and not 4:00 p.m.) and look at the open interest number from the previous day. Why does it only read 290 contracts. Doesn't that number seem small? Well it has to be remembered that yesterday the stock closed just over $12.00 higher in price than where it is now so these were at that time exp...
