You may be right, but my understanding is that those who want to exercise their put {if are in the money} the exercise price is determine by that open price.
But despite JDSU bad news, Nasdaq fture is up ahuge 11 points, and SPX fture up 2.50.
Again, and again, stock market is game, therefore gamesenship does apply.
Those who underwrite calls options are very very powerful men, they can do lots thing to push the market down, it happened in March, it will happens every quarter ends. They not only posse this MONEY POWER, BUT ALSO they also know how to kill big games, as they have big kills, who are the real victims, those who don't want to understand this game of the stock market. Those who do daytrading and don't want have some bit of "RATIONAL THINKING" tHOSE ARE THE real preys of this group of the most powerful {MONEY POWER} group.
Buyer beaware what they are buying, daytraders should at least be aware of what they doing.
Don't ever become this big game kills that all what I mean.
If you dare watch tomorrow, it will be a gorgeous KEY REVERSAL DAY what it is happening opposite to today's market behavior as TRIPLE WITCH is A DONE DEAL.
Those who have the most money power they are drinkg Chapmpion {enjoying their harvestings} and are enjoying their making until midnight as you said 1:00AM or 12am midnight. They are celebrating, daytraders are licking their wounded.
John Paquet |