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Technology Stocks : Ascend Communications (ASND)
ASND 204.41-1.0%Nov 14 9:30 AM EST
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To: Ajay Nandanwar who wrote (8243)8/9/1997 12:13:00 AM
From: WBendus   of 61433
 
"Look at the open interest in August 50 calls and puts, it's roughly the same. (6K+ contracts). The market makers want it to be very close to 50 so that all these calls and puts expire pretty much worthless. 12K+ open interest in August 55 means no MM wants it to close above 55. and roughly 10K open interest in 45 puts means they don't want it to close below 45."

I am really getting tired of this whole market maker conspiracy crap! Everytime we go into an options expirations you fools seem to think that the market makers have some vested interest in putting the stock at some specified level. In case you have not figured it out yet, market makers make their money by TRADING stock. It is not to their benefit to fix the price of a stock at a certain price before expiration. If anything, they would try to fix the price so that the maximum number of contracts get exercised. Since calls typically have much larger open intrest, it would be to the benefit of the market makers to push the price of the stock up going into expiration. The reason you all seem to adopt this theory is that the nearest strike options always seem to get the greatest action, especially as expiration nears.
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