Let's see. Exiration day... Assume I'm long 1000 ATM calls. Assume delta of roughly 50. i.e long 50K shares. Within a few hours my delta is going to be long 100K shares or Zero. What do I do as expiration approaches to manage my risk? Naturally buy or sell stock to maintin my delta position. The other side does the opposite. It has nothing to do with manipulation - it is just a function of supply, demand and risk mangement. conspiracy theorists - always trying to take the easy way out rather than use common sense.
def may be right. But supply and demand are just a technical kind of manipulation. By the way, nice move today. I guess option buyers are smiling this time. this does not happen very offten.
QDZ2; please enlighten me as to WHO is doing the manipulating and how they are going about it. Also don't you think there are some option buyers who aren't happy today? There are two sides available you know.
Easy man. Be happy. You are more likely not to make mistakes and lose money when you are happy than when you are not. Well, QDZ2 is a dumb cheap trader who has no strong opinion. When I say option buyers, I mean straddlers or stranglers and equivalent.
Yes, it speaks volumes. Myself, along with the other members of the OSSPMC (Option Sellers' Stock Price Manipulation Committee) met, and decided we would close AOL out within 15 to 20 cents from $15 today. Please do not say I did not warn you.