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Tesla Options Near the Close on Friday Afternoon. Building A Case For Making A High Risk Trade.

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 one series of it's Put options with only 42 minutes of trading life remaining in them. Might these Calls rebound back upwards towards the closing? Afterall the D.J.I.A. is up almost 1,000 points on the day and this is one of the hottest stocks all week. The 400 series of Call options at this time are "in-the-money" by $.72, and are priced at $1.88. That's a premium of $1.16 over the striking price. Imagine all of the money lost by the existing 140 series of Call option holders in the last 60 minutes! Couldn't the stock now rebound two or three dollars in the blink of an eye? It did afterall once again just drop over $5.00 a share in the last hour of trading and it now seems to be holding steady. That's the carrot now dangling in front of everyones eyes. Is it time for a quick flip? If you have made twenty or thirty option trades o...
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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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