Tesla Option Trading At A New Level. This Is An Important Read.
Tesla now has option series that expire on a Monday. Watch this wild ride unfold. First it's five day chart. Now it's early Monday morning chart. Look at how it has given up it's gain. Now this, a look at one series of its Call options that expire today. Can you see that they traded for over $6.00 a contract earlier in the morning? Now this. Are these Call options now down and out? Yes they ended up worthless. Let's look at the action after the 3:00 p.m. deadline to get out. Now let's now look at how one series of Puts did. What are my thoughts on having optiona of Tesla now expiring three times each week instead of only once? My first reaction is to say I don't like it. It's going to create a different kind of trader, one who might suddenly only start to trade only this one stock. If you caught it on the downside today you would have made enough money to take off the rest of the week. Why get a real job, why not just play Tesla options? So here is ...