Son of a bitch! I bought some BAC puts betting on them missing earnings. They missed earnings and it started to tank. Immediately I started to get excited that I was right! The stock dropped and based on past trends, I figured it would drop at least $2 on the miss. Well it didn't, it dropped $1 and then traded sideways from the open all day long in a tight range. look at this shit! From open until close after missing earnings.... Everyone on the BAC forum realized and pointed out that the market maker was pinning it so the large block of calls and puts above and below the price would expire worthless! SON OF A BITCH I WAS ROBBED. Just posting this here to vent on this BS manipulation. Someone on the BAC yahoo finance forum pointed out that the same thing happened the last 2 option expirations on BAC and on Friday the same thing happened to the options on GE. http://messages.finance.yahoo.com/S...d=1211660&mid=1211660&tof=-1&rt=2&frt=2&off=1 All I know is I'm a licensed market maker and pinning and pegging is illegal for market makers also, not just for regular traders! The only time you can legally peg a stock is when it IPOs to help stabalize prices as you dump shares into the market at a certain price that day. I guess I was a moron for not researching these pinning practices further before holding a position over night like that into option ex, won't do that again!