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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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Roku Again And Playing A Sideways Moving Stock

First its thirty day chart. It looks like it is sleeping.
Now if we go back just a little bit further things seem to change.
I have blogged about playing options on this stock in the recent past. Now todays action and a look at it's one day trading pattern. Can you see it selling off at the end of the day?
Now look at this.The same chart except for it's last hour of trading.
Look at how the 66 seies of Puts were trading at 2:57 p.m.
Now look at how the Roku 66 Puts closed the day after hitting a high of $2.20 in this afternoon sell off..
That's how quickly option prices can change. These are early in the week options which are not as dangerous as one day or last day options. If you catch something like this only once or twice a week all would be good. **** Let's look forward to Monday morning April 8th before the markets open. Here is it's chart from the previous week.
Now it's thirty day chart.
One question we might want to ask is why are we even watching this stock when we would be watching something like Caterpillar? Here is it's three month chart.
Well the answer is that a one dollar move in Roku can be as big an event in Roku's option trading price swings as a three dollar move in Caterpillars stock price. Option trading in stocks of all different price ranges offer different trading realities. **** A look at April 23th.

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