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Strategies & Market Trends : Moomin Valley (formerly Troll-free Zone)

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To: RealMuLan who wrote (1315)	4/25/2006 7:32:45 AM
From: Moominoid	Read Replies (1) of 2852

They don't go to Max Pain but there is a tendency in that direction. GOOG fell from its premarket levels because lots of calls were now in the money that weren't the day before. So people sold them back on the expiry day and then the sellers (market-makers etc.) removed the delta-hedging they had in place.

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