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Gordon Johnson Profile picture
@GordonJohnson19
Jul 9 • 6 tweets • 2 min read • Read on X
1/6 A bit of clarification on this thread for the smart options guys. So, two days ago, of the 20 options chains displayed in the figure below, ~15 of them had a put/call ratio of >1.0x. So, the question is, WHO is buying puts in a stock going parabolically higher, DAILY?
Image
2/6 Taking a step back, keep in mind that the broker/bank simply matches counterparties (i.e., acts as an intermediary), or the put buyers vs. the put sellers. Thus, when the put/call ratios get out of balance, on large volume nonetheless, the brokers, often, actually BUY the...
3/6... underlying stock to hedge the risk that one of the counterparties will not be able to fulfill their obligation (i.e., by buying the underlying stock to have it available for delivery). And, again, given $TSLA's stock has gone STRAIGHT UP, NONE of the put/call ratios...
4/6... should be >1.0x. So, by buying an excessive amount of puts, which they know will expire worthless, SOMEONE is forcing the intermediary (i.e., banks/brokers) to buy $TSLA's stock by pushing the put/call ratio out of whack on elevated volume.
5/6 While I realize this goes against conventional thinking, if you know anyone that makes markets in options, call them up and ask them about this, and then ask them if it's being done to push stocks higher, and YOU MAY SEE THE LIGHT💡.
6/6 It appears to be clear-cut stock price manipulation, and, more importantly, O.K. by the @SECGov.

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More from @GordonJohnson19

Gordon Johnson Profile picture
Jul 9
1/12 Why $TSLA's stock is going up, daily, a thread. So, around the time $TSLA reported deliveries, the ratio of puts vs. call options being purchased increased materially. Don't believe me? Simply go to , load up $TSLA's ticker, and click on put/call...barcharts.com
2/12... ratio to get the history. In fact, as detailed below, for much of the options chain with the largest total amount outstanding, the put/call ratio is close to 1.0, and in some cases over 1.0. So what you ask? Well, for a stock that keeps going higher daily, why... Image
3/12... are so many puts being purchased (i.e., see the 7/12/24s and 7/19/24s JUST today) that will CLEARLY expire out of the $ - i.e., someone(s) is wasting ~$5-$10mn/day to buy puts that will CLEARLY expire worthless? The answer is... given $TSLA is now up 10 straight days...
Read 12 tweets
Gordon Johnson Profile picture
Jul 3
1/9 So what's a spiking SOFR rate mean? Well, we saw something similar in 2019, & it was caused by a combination of: (1) qtrly corporate tax payments that were due Sep. 16, which were withdrawn from bank & money market mutual fund ("MMF") accounts that went to the Treasury's...
2/9... account at the Fed (i.e., like we JUST SAW 6/15/24), and (2) a large amount of Treasury auctions (LIKE WE ARE SEEING RIGHT NOW), which were draining large amounts of reserves from the banking system. Stated differently, in the repo market, there were more Treasury...
3/9... securities (i.e., supply) to be financed than there was cash for those securities (i.e., demand), so rates in the Secured Overnight Repo market SURGED higher (THE SAME THING IS HAPPENING NOW). What this means is... there are strains in the amount of money...
Read 9 tweets
Gordon Johnson Profile picture
May 29
1/17 The @federalreserve's ONLY mandate at present, using the evidence, is to print money out of thin air to thwart ANY dysfunction in the US Treasury market (which is VERY inflationary) a 🧵. Image
2/17 While the Fed acts like they care about inflation, the tricks they've used, in conjunction with @SecYellen, to counter any sig. rise in UST yields, shows they care NOTHING about inflation, and, rather, only focus on fighting ANY disfunction in the US Treasury markets.
3/17 More specifically, given global Central Banks stopped buying UST bonds on a net basis 10yrs ago, yet, US debt has not stopped growing, and is, in fact, now, growing exponentially, there’s a widening gap between supply of UST bonds and demand for those bonds.
Read 17 tweets
Gordon Johnson Profile picture
Apr 29
1/8 $TSLA's driverless FSD technology HAS NOT BEEN APPROVED IN CHINA (that requires a completely different license which $TSLA did not get). All those saying otherwise (which is nearly everyone) are completely wrong. Why? Well, TSLA will likely…
2/8... see NO rev from any of what was approved in China today (i.e., a few driver assist features), inside of China because all of TSLA’s peers offer the same tech, RIGHT NOW, FOR FREE (i.e., Chinese consumers are not going to pay TSLA for something...
3/8... they can get for free from its peers)! What the market is assuming is China approved TSLA’s driverless FSD tech. That is 100% wrong. But, b/c TSLA also calls their driver assist tech “FSD”, it is being reported, INCORRECTLY I MAY ADD, that TSLA’s...
Read 9 tweets
Gordon Johnson Profile picture
Apr 23
1/9 Are you actively engaging in cognitive dissonance, @munster_gene, or have you morphed into a cheerleader for $TSLA, devoid of the ability to remember what was said, A LITTLE MORE THAN A YEAR AGO, at $TSLA's 3/1/23 investor day a 🧵.
2/9 So, first, @munster_gene, I'll remind you that at $TSLA's 3/1/23 investor day, @elonmusk and $TSLA's engineers claimed they discovered a new car manf. process that would reduce the cost to make an EV by 50%, while also reducing factory space required to do it by 40%. Image
3/9 In fact, they referred to this as the "unboxed" approach, which you, yourself, have talked about as a "game changer" many times, in reference to $TSLA's low-cost $25K car, in print, and on TV. Yet, recently, when @Reuters claimed @elonmusk was scrapping this approach... Image
Read 9 tweets
Gordon Johnson Profile picture
Apr 6
1/10 @munster_gene... serious question... do you have no shame a 🧵.
2/10 First off, in this video, using @elonmusk's own words... since 2014... @elonmusk has promised full autonomy "one month away" on highways (he's STILL NOT THERE TODAY); and, in 2018, he began promising full autonomy better than a human "next year"... twitter.com/messages/media…
3/10... ($TSLA is STILL NOT THERE). And, every year thereafter, Musk promised "full autonomy"/level four "next year", yet he's STILL at level 2 ADAS (meaning $TSLA does not take responsibility for any "FSD"-related accidents). Furthermore, currently, regarding version 12,...
Read 10 tweets

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