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Tesla Options Near the Close on Friday Afternoon.

Tesla was up 11% in the last five days. Look at it's one and five day charts. ... Now here are one series of it's Call and Put options with only 42 minutes of trading life remaining in them. Might it's Calls rebound back upwards towards the closing? The D.J.I.A. is up almost 1,000 points on the day. The 400 series of Call options are in the money by $.7 yet the calss cost. Now this 3:02 p.m. readout. Retail traders need to be out of their postions by 3:00 p.m. otherwise risking getting sold out. The Call option we are looking at has now gone from $1.88 to $2.35. On days like this when the D.J.I.A. once again is up somewhere around 1,000 points you can afford to play little tricks like this. Others may have bought into this postion around 10:00 a.m. in the $.89 range! These are not normal markets.
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An Introduction

My name is Peter and about 45 years ago I did a short gig as a “Merrill Lynch” in Canada. I still live in Canada. Prior to my gig at "Merril" which lasted about two years I worked for another then well known Canadian brokerage firm that had a fancy office on the 55th floor of a downtown Toronto office building. They occupied the entire floor. In essence they were a "boiler room" operation (which dated back to the 1930's) which focused on penny mining stocks. My were major players in that space. My style of trading not fit in well. I was to busy watching and trading Exxon options and also watching the back office skim money off my more profitable trades. Stroke off one fill price and ink in another. Well they didn't skim it off at the Toronto back office that I know of however they did at another office in another town I asked to be transferred to. The lady on the desks accepting the trades would run off to the managers office before reporting to me the final ticket price. Things were different back then. I now work in an unrelated profession and oddly enough still have the designation of being a broker. I still have a passion for option trading. I like Fridays for trading "one-day" options. Six of my favourite stocks to now trade options on are Caterpillar, Ford, Exxon, Deere, Tesla and Boeing. I also watch and speculate other stocks in the five and ten dollar range that have options on them. There are times when I will take a week off from watching the market, knowing full well that I will be not be handicapped when I return to the action. In fact I return with fresh eyes. I read Barron's on the weekend. I need to be on a routine to play options and I don't trade with other people's money. Donald Trump has in some ways helped to make option trading easier. He says things which make the markets move. Let me now share with you what I am watching in the option markets. Some blogs are better than others. Some blogs get deleted with time. Tesla is the stock I have the most luck trading. I don't see that changing. Cheers.

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