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Strategies & Market Trends : Options for Newbies -(Help Me Obi-Wan-Kenobe)

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To: tom rusnak who wrote (893)6/16/1998 10:54:00 PM
From: tom rusnak  Read Replies (1) of 2241
 
Question that hopefully will provoke some theories:

As we are coming up on an option-expiration friday, i was wondering if there are any theories regarding a stock that is trading close to a strike value and there is a much larger open interest of either CALLS or PUTS. What relationship does an underlying stock have to the amount of open interests near expiration day?

thanks all for all theories or pointers to theories and/or literature on the subject.

tom
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