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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: MythMan who wrote (47960)6/18/1999 9:23:00 AM
From: accountclosed  Read Replies (1) of 86076
 
not sure what it means. my experience with options specialists is that they were obsessive about getting flat. they mostly got flat within seconds. getting totally flat at all times has a price, just like constantly buying insurance.

what i am saying if the 55 level is a max pain point and expiration related, i'm not sure that i buy the max pain idea. the risk of the open interest is not all held by options specialist firms. it is dispersed to the market place. is msdw a specialist firm in intc options? are they not hedging their book and then relying on downgrades to cover their butts? wow! pretty stupid way of doing business. if so, i hope they get burned and lose customers who see through their self serving tactics.

but to me a "conspiracy" is broader reaching involving more parties. and tilting the box to get an outcome for today, is only a temporary blip. i agree that the markets are hardball, but am not sure i see long term effects from this type behavior. perhaps argues against option holding if it is true.
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