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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who wrote (68022)2/15/2001 2:22:23 PM
From: KeepItSimple  Read Replies (5) of 436258
 
Max pain is working like a charm on every bloated big cap tech and optical crap stock I follow. Will close out my longs at the end of the day, then wait to see if they pop further in the last moments before expiration tomorrow. Then its time for nuclear put/shorts.

Look, the entire tech industry warned biz is going to hell in a handbasket, they're laying off tons of people, and now we get a HUGE HUGE rally 3 days before options expiration?

Just look at the OI on most of these techs. The put positions are worth 10s if not 100s of millions of dollars. The call values are miniscule to non-existant.

All those big boys who sold those puts HAVE to have them expire worthless or they're going to lose the farm.

Think like a criminal and the market is a lot easier to understand.
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