Chung,
Here are the numbers from Schwab:
JUL 35 642 JUL 37.5 168 JUL 40 2,037 JUL 45 966 JUL 47.5 93 JUL 50 1,495 JUL 55 518 JUL 60 3,248 JUL 65 647 JUL 70 4,556 JUL 75 2,551 JUL 80 13,935 JUL 85 6,636 JUL 90 12,008 JUL 95 12,403 JUL 100 7,821 JUL 105 4,071 JUL 110 2,370 JUL 115 3,182 JUL 120 4,106
It seems pretty clear that keeping the price below $90 is a huge win for call writers.
Basically 40,000 contracts are at 90 and above representing 4M shares.
Thats a pretty big downward force on the stock till monday.
regards,
Kash |