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Strategies & Market Trends : Waiting for the big Kahuna
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To: William H Huebl who wrote (66865)10/19/2003 8:46:53 AM
From: Real Man  Read Replies (2) of 94695
 
There is no rush - they will do it on Monday. They managed
to close it near Max pain - a bit above it, but that was
insurance premium for letting HUGE October put OI expire
worthless. It's a small price to pay, and - nobody's perfect
-g- I'm sure these guys made a bundle selling October puts.
If they hold long futures, there is no need to sell them
until Sunday evening.
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