Lisa,
They took the straight jacket off long enough for me to post.
FYI..
Friday April 17, 7:33 pm Eastern Time
US OPTIONS/OEX vols ease as index jumps on expiry
CHICAGO, April 17 (Reuters) - Implied volatility on the S&P 100 eased as the index surged on
expiration-related buying that sent it to a fresh record high in late trading on Friday, dealers said.
The OEX rallied to end at 6.88 points to 542.87, an all-time peak, as the April options went off the
board.
''The last three points (on the OEX) were all on expiration,'' said Michael Goodwin, an index
options trader with Deutsche Morgan Grenfell. ''But I think we could be in for a big correction next
week.''
The Market Volatility Index (^VIX - news), which measures implied volatility of several strikes on
OEX options, closed at 21.44, down 2.02 points, reversing Thursday's advance.
''People were forced to buy some stock at the close,'' said Hank Nothnagel, senior vice president
of options trading at Everen Securities. ''I think it was definitely related to expirations.''
Nite nite...they said I have to go back to my room now!<VBG>
Regards,
Barbara |
