Can anyone explain the action in CVX today? Pinned down at $122.50 due to options? We got several down drafts in the last few days bouncing around $122.40 and $122.50. Oil has rally significantly last two days. Most oils stocks performing quite well. No negative news. I think we are heading to $124 early next week. Options are manipulating the stock lower IMHO. Maybe after 3:30 options will lose gravitational pull to $122.50. Weird.