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This One Is Too Nervous To Watch. Pfizer

This is a short blog full of twists. Try to get through it. First a five day chart of Pfizer. chart. In the past week it was up $1.05 and it was the 7th most activity traded stock on the NYSE most active list. It's in a breakout mode. Look at how it traded over the last three years. This breakout mode might last a few days, weeks or months. This stock has a history of moving somewhat slower than most stocks. A second quarter earnings report comes out July 30th. If it's good that could add a touch to the stock's price. Now this. As a general rule stocks and options on stocks in this particular price range are difficult to play and in this case everyone is following the same story. Fred down the street and John around the corner and Mark across town are all dialed into the same commentary. There is nothing that really gives you an edge when it comes to playing it. That's the problem. Here now is a look at the Pfizer "next-week-out" $30.00 series of Call optio
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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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