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Tesla And The Play Of The Week - An Easy Read.

Here is Telsa's five day chart. Can you see how it spiked to the upside on Friday morning before it tanked? Can you see how as the day progressed it dipped down to the support level of the $210.00 range? Here is its one day chart. Now this. Lucky in all this action are all those individuals who purchased one day Puts on Telsa in the first few minutes of trading. Look at how these Puts reacted. The lows of the day happened in the first few minutes of trading. Look at the pecentage gains. In the last example a $1.00 option went to $190.00 in one day. Catching one trade like this could make up for twenty bad trades. What's all this talk of Ai trading? Moves like this could blow up the exchanges if thousand of trading platforms could recognize this could happen. This was one of the best option trading opportunities of the decade.
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What To Focus On

Last week the top ten most actively traded stocks on the NYSE, Volume percent Leaders were in order, Beachbody (BODY), ProphyAqn, M3-Bridage, ApolloStrallA,TelecomArgentina, ConstellationA, Xperi, YPF, SilverBoxLLLA and CementoPacasm. All these names were new to me. The top ten on the Nasdaq, once again Volume percent leaders where AuroraTech, MorphoSys, iRobot, FocusImpact, Creud, CleanEatha, .... well you get the point. When you daytrade you should only have a handfull of names you feel comfortable trading. Forget all of the most active hype. Guess how much Ford was up last week? .14 cents on the week. What about Nio, the Chinese EV company so many people are trading? It was up 1 cent on the week. Lucid was down 1 cent and Apple was up .28 cents. With movements this small how can traders make any money? Last week I tracked both Ford and Deere Call options. Deere was off $19.96 on the week and Boeing was up $11.96. Pick names like this and follow their stories. Learn to play the reactions to earning reports. Stay away from the markets on days everything seems to be going sideways. Look for mid-week reversals and check out the upside and downside volumes at 10:30 a.m. on a Friday morning to see if midday rallies could materialize. Wait for hurricane notices and buy Home Depot Calls. If you like playing options that expire in a few days check your calendar to make sure no upcoming suprise holidays will jip you out of one days trading action. Find one year out options on stocks in the ten dollar range. Yes you can teach youself how to play options. Keep reading these blogs.

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