The First 15 Minutes Are the Wild Wild West
Okay so, the first 15 minutes: I call it the Wild Wild West, and I'm not being cute. The market's trying to figure out what it's doing. Overnight orders are hitting, the news from the morning is getting priced, and price is going up, down, sideways, blah blah blah, before it picks a path. A move that looks real at 9:33 reverses at 9:41, and that's not sometimes, that's all the time. That alone should slow you down. But that's not the check. The check is what the option costs you. In the first five minutes of the day, options are spendy. Nobody tells new traders this. The same call you'd pay one price for at 10:15 costs you a lot more at 9:31, because the whole market is uncertain and that uncertainty gets priced into every contract. So you're paying top dollar to take the highest-risk trade of the