I don't think this was MM manipulation..or any other manipulation really.
I've only had a few minutes to apply good ol Alabama Boy logic to it but ...
Let's say some big ol whale company gets word of one of two things through some means that the SEC
would frown upon. Either they "figured/found out
" that the S&P 500 crew had already decided on including TSLA, or that the Earnings report was done and the ink only needed to dry, and that report is going to be Epic! And they "figured out" one of those two things in the past week. Now that whale knows info is a valuable thing if taken advantage of "correctly." And the whale had the knowledge of how to execute so to maximize its profit.
If I was a whale and I knew one of those things that I stated, and I decided to buy 5,000,000 shares of TSLA I'd also be keenly aware of how me buying 5,000,000 shares would impact the share price ...So I'd have my bean counters tell me how much the stock would rise if I bought the shares on a Friday afternoon. And then I'd buy calls that would DEFINITELY be profitable. And I'd buy a bunch of em. Making money on calls wouldn't be my main play, but why not harvest all you can if you are going to make the sunshine?
And why on a Friday? Well
i hate the MM's so I'd love to stick it to em. But The whale he just loves swimming in money. he doesn't care about MM's. Except when it comes to making HIM more money. I figure that the Whale realized the MM's attention and willingness to sell their stock to keep the price low when he was going to buy would be greatest on a Friday Afternoon.
Sure the Whale would have loved to have one of those triple witching hours you guys have taught me about, but his info's value was time and event constrained (and no telling who else might "figure out" what he "figured out," and they might strike first, and run up the price before he could.) So the whale had to act quickly. Thursday/Friday was as quick as he could unleash his plan.
And the stock was actually reverse-manipulated by the Whale. He got the Manipulators to wear themselves out trying to keep the stock suppressed at $1380. And once it started getting away from the MM's they vainly tried to swim it back down, and the Whale just kept eating stock at a cheaper price than he would have had to pay if he'd have done the same thing earlier in the week because the MM's would have not been as focused and would have considered that they could walk the stock down the next day or overnight. Also the Whale knew other feeders were coming. That word was getting out. He needed to get done what he needed before all the other fish in the sea could ruin his feast.
No Sir.
It was not a fake manipulation of the stock like the MM's do. The movement was based on "news
"...I mean some "figuring out
" of what will become news. That juggernaut of purchasing was real acknowledgement through a Whale that TSLA is something good to own.
And it could have been more than one whale..it could have been a designed-feeding like a pod of Orcas coordinating an attack on a ball of MM sardines. One group devouring another, systematically carving it to pieces.
Well at least that is what a good ol boy from Alabama has to say about what happened...
