Cisco Systems, Inc. (CSCO) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 73.87

-0.1%

Jan 9 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ed Forrest who wrote (53692)	6/15/2001 11:34:55 PM
From: Stock Farmer	Read Replies (1) of 77400

Hi Ed.. yes, maybe I had that naive <g> inkling... Action on the third Friday and AH through until Monday is often completely dominated by options expiration. Particularly when Mr. Market decides to avoid max pain or have the audacity to fall other than at a strike price exactly. Like today. Indeed, look at the open interest in CSCO at options.nasdaq.com With a close below 17.50, over 130,000 puts are going to be assigned at prices 17.50, 20.00 and 22.50. Plus dribs higher. Compare this to a pathetic 6500 calls at 15.00 and below!!! So far off max pain it's not funny. That makes 13 million proud new owners of CSCO and a demand for some 13 million shares for happy put holders to put to possibly unhappy put writers. Max pain? Nope. Not this time. Which begs the question... what might CSCO have done if options weren't expiring today? Ouch! Hang on for Monday's ride. John.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next