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McDonalds Again And A Follow Up To Yesterday's Blog..

Option traders on Friday mornings just want to be in and out in the first hour or so of trading on short term options. In the second half of the day most of the action calms down. McDonalds sold off a little bit yesterday afternoon and firmed up a bit towards the closing. Could this "mostly downward trend" continue? Here is a partial look at some of the opening bell's activity. Today is a Friday however let us first look at how the stock traded yesterday. Now a look at it's trading pattern at 9:32.22 a.m. The McDonald stock jumped up $4.98 and the 317.50 Puts we followed all day yesterday which are now "out-of-the-money" acted accordingly. They shrunk in value. During the fist 2.22 minutes of trading they traded down to 34 dollars a contract. Now this. In the first three minutes of trading the stock jumped a bit and then started to come off a touch. These Call options where not attacting all that much attention. The bid and ask jumped up on no volume. ...
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Musk and Potentially Using the System for Self Serving Purposes

When you are the second richest person walking on the globe you can play with the system. It is said that Musk is worth about 180 billion dollars. From April to December of 2022 he was forced to sell some $23 billion in Tesla shares to keep Twitter afloat, one of the reasons the stock tumbled more than 50% during that period. Last Friday was a bit of a scam. When your rich you can play funny games. What happened? First Solar jumped $53.09 in one day. The Musk empire was in on this action. Solar City got a five billion dollar boost in market capital on the release of the news of its $80 million dollar deal to buy a European firm with cutting-edge technology. Why did this happen on a Friday? That's when options that expire that day can jump the most in price on good news. The boys in the back office doing the deal could have their friends load up on Call options. Look at how some of the Call options on First Solar jumped in just one day.
Look at this. Look at how small the open interest levels were going into the trading session and look at how those numbers swelled up as did the prices of these two series of Call options and other series.
Something equally as bizarre happened to Telsa's stock that day. Look at it's five day chart and Friday was the last day of this action..
It jumped upwards on the opening and closed down on the day. Look at some of these readouts. The ones that have a C in them are Calls and Puts have a P in them.
Note the volume of over 353,000 contracts trading in one of these series of Calls to end up a zero. It is a game of high stakes but who can afford to be trading Telsa Options which would be expiring that day? Not the average guy on the street. Now the Puts.
Was the selloff in Telsa shares on Friday afternoon a double dipping orchestrated event? Create the First Solar bubble, then the Telsa rally buying Telsa stock and Calls with the newly found First Solar profits and then do a dump on Telsa stock on Friday afternoon with the delight of holding newly acquired Puts to cash out at the end of the day. I saw Telsa rally on Friday morning and checked for news. I couldn't find anything to important or a link to the Solar City action. I knew that there was a second wave of news last week about Telsa raising some of it's prices. The action in Solar City was not on my radar list. I realize why so many people think the markets are rigged. I kind of think it is too.

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