Does the expiration date of an option affect stock price?

Does the expiration date of an option affect stock price?

My friend is usually full of shit, but he made that comment to me that it did. So I was wondering what you guys thought, I'm new to options and not sure why it would affect it.

Thanks,
Zook

 

Do a search on "max pain theory".

 

Another term is "pinning".


http://www.elitetrader.com/vb/showt...4482&perpage=6&highlight=pinning&pagenumber=1

 

Do a Google search with "PPT" and "Crameritis".

 

The exp date does create high volume due to exercising, which in turn creates temporary demand/supply issue.............. that can take the stock either way on a short-term basis. Given everything else remains constant, follow the bigger trend.