Options expiration trading ups and downs

Discussion in 'Stocks' started by moehonker, May 17, 2009.

  1. Friday stocks I owned went/gapped up then midday they went down. Was that because the morning the puts are exercising/buying to cover and midday the calls are selling or exercising their calls above the strike price? I know little about options so bear with any erroneous term usage.

    Is this up then down normal action on options expiry day? TIA