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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?

To: bugssy who wrote (16348)	6/10/1999 2:32:00 PM
From: Vitalsigns	Read Replies (4) \| Respond to of 62348

Mcf.t Options tend to expire where the least amount of money can be made. So a stock price below 7.00 would result in the call writer making their fee but the call purchaser losing his premium.The result is like I said,85% of options expire worthless ,the only onces making money are the writers (most of the time). The price is being pushed down at the moment. AS soon as we get good news ,it results in a rally then boooom, a whole pack of sell orders coming from mainly 3 houses. What else is there to explain this recent activity?