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Walmart Again

On Monday I did a blog on buying this week's Call options on Walmart for a morning move. Today is now Thursday and there was a big sell off in the markets yesterday. Tesla sold off for example and here is what happened to it. Today it is slightly rebounding as are so many other stocks. Thursdays however as oftened mentioned in recent blogs are not a good time to be purchasing one day options on stocks that expire the next day. Times change. In less chaotic times that's not always case. In the last few years there would be known upcoming Friday morning events like the release farm payroll numbers or other economic readings that would move the needle on the markets going up or down on on a Friday morning. In those markets it paid to get into option positions before the closing on a Thursday to get out on the Friday morning bounces were caused by the release of these premarket reports. So how is any of this revelant to Walmart's trading today? Well, there was a whole bunch o...
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Tesla. One Day Calls On A Day the DJI Jumped Over Four Hundred Points On A Friday

Call it window dressing. It was the last day of the first quarter of the year. I forgot how that works. Institutions sometime collectively bid up the stocks that they are invested in a last minute attempt to dust upwards their quarterly performances. Look at the one day Telsa Calls. They jumped a touch on the opening. Even after they jumped on the opening it wasn't to late to get in.
Then what?
At 9:54 a.m. the 200.00 series of Telsa Calls were trading at $1.14 per contract. Over seventy thousand contracts had traded. Now look at the chart of how Telsa traded on the entire day. It kept going up.
Now guess what they closed at and look at the increase in the volume traded.
How good is your memory? Use this tip every March 31th going forward. It might make you a couple of thousand dollars. Three final comments. 1)
Tesla for now is the king of building electric vehicles. How can the small guys make money in this new industry? It's hard. 2) You can't randomly expect to purchase random Call options on Tesla every Friday and expect to make money everytime. Here is a trade I made a week ago on Tesla trying this same strategy and I lost.
3) Read the second blog I ever posted on this site back on Sept 23nd 2019. It was about trading Tesla three different times on a Friday as it blasted upwards in price. Tesla Calls on a Friday should rank as being about a number "7" on a current options players list of top ten strategies. 4)****** An April 15th update. I want to mention one this that makes trading on Telsa so unique. It has to do with the bids and asks.
There is only a three cent spread between the bid and ask. That makes getting in and out so much easlier.

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