Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 680.44

+0.6%

Dec 19 4:00 PM EST

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To: rubbersoul who wrote (22123)	7/27/2011 11:16:54 AM
From: GROUND ZERO™	Read Replies (2) of 220483

Maybe what Jesse also meant was that on option expiration day, the calls are either closed out or they're converted to being long the actual contract itself... we already know with a call, there is limited downside risk, but now if the call buyer is actually long the contract, the risk is enormous... these new contract holders will very likely place protective sell stops below the market and the vultures go after those stops in the next couple of days after expiration, therefore a possible down swipe for a few days after expiration... GZ

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