JK
Here's the current open interest of AOL August puts and calls near the money. The greatest number of options expire worthless with a close below 100 and above 90. A close Friday at precisely 95, causes the greatest number of puts and calls to expire worthless. Though the so-called maxpain theory of options expiring to cause the greatest number of worthless options has problems, it it nonetheless interesting.
Strike.............Call O.I......................Put O.I.............Total O.I.
90..................15,481......................16,388.............31,869
95..................13,368......................13,161.............26,529
100................28,825......................16,481.............45,296
105................22,841........................7,823.............30,604
Best,
--Steve |
