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Tesla On A Friday Morning.

The concept of playing last day until expiring Tesla options scares most people. Maybe it shouldn't. My next statement is going to sound kind strange. One strategy often employed is to look for quick reversals on the opening on Friday mornings with the soon to be expiring options (at 3:00 p.m.) and see how this situation plays out. It sounds stupid yet watch them for yourself for the next month or so and see how often this approach works out. Now here is it's chart at 9:56 a.m. this morning. It's flat after a dip on the opening. The dip on the opening dropped these Calls down to $.85 cents. Now here is it's five day chart. You can see this morning's dip in it's chart. Now to further set the stage here is how it's Calls and Puts are tradng, at least one series of them. Now this. Anyone who bought the Calls on the opening dip would have already more than doubled their money. The action in Telsa options in the first few minutes of trading is often the best...
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An Introduction

My name is Peter and about 45 years ago I did a short gig as a “Merrill Lynch” broker. Prior to that gig I worked for a well known Canadian brokerage firm that had a fancy office on the 55 th floor of a downtown Toronto building. They took the whole floor. In essence they were a "boiler room" operation (which I think they first started in the 1930's) which focused on mostly penny mining stocks. I did not fit in well. I was to busy watching and trading Exxon options and also watching the back office skim money off of any of my profitable trades I made for myself or any of my clients. Well they didn't skim it off at that Toronto office that I know of however they did at another office in another town I asked to be transferred to. 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 that will be expiring. Six of my favourite stocks to now trade options on are Caterpillar, Ford, Exxon, Deere, Tesla and Boeing. I watch other stocks in the five and ten dollar range that also have options on them. I missed the 2025 gold run. There are times when I will take a week off from watching the market, knowing that I will be not be handicapped when I return to the action. I don't play options if I am away on holidays. Trading in Australia in a tent in a traller park at 4:00 a.m. during a rain storm with a flickering power source and then waking up tired doesn't work for me. I need to be on more of a routine to play options. Donald Trump has in some ways helped to make option trading easier. He says things which don't make sense. Let me now share with you some of the things I see happening in the markets. I am hoping some readers might enjoy reading something a little bit different. Happy option trading.

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