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What does the word disconnect mean? As a verb it means "to sever or interrupt the connection of or between; detach". Option trading - one day options - is a disconnect from the world. What happens to slightly "out-of-the-money" Call options on Costco when the stock shoot up thirty dollars on the day? I will show you what happened on Friday to Costco Calls and the options on a few other stocks I frequently watch. What a disconnect from the real world. But before that a look at how the indexes traded. 1) Costco. It's five day chart and a look at how three of it's option series moved upwards in one day. You may not know how to read these printouts but try to read the highs and lows on these option pricings. One printout shows an "at-the-money" option which means you are buying a contract on the stock, good for one day only at a locked in price equal to (or very close to) what the stock is currently trading at. The other two contracts shown are ...
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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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Living on Kraft Dinner?

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What does the word disconnect mean? As a verb it means "to sever or interrupt the connection of or between; detach". Option trading - one day options - is a disconnect from the world. What happens to slightly "out-of-the-money" Call options on Costco when the stock shoot up thirty dollars on the day? I will show you what happened on Friday to Costco Calls and the options on a few other stocks I frequently watch. What a disconnect from the real world. But before that a look at how the indexes traded. 1) Costco. It's five day chart and a look at how three of it's option series moved upwards in one day. You may not know how to read these printouts but try to read the highs and lows on these option pricings. One printout shows an "at-the-money" option which means you are buying a contract on the stock, good for one day only at a locked in price equal to (or very close to) what the stock is currently trading at. The other two contracts shown are ...
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