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Strategies & Market Trends : Jim's Nasdaq100 Special as a basket. -- Ignore unavailable to you. Want to Upgrade?


To: jjs_ynot who wrote (1364)10/17/1999 3:26:00 PM
From: OX  Read Replies (1) | Respond to of 2103
 
>This adjustment may account for some of the price movements approaching expiration.

let me elaborate by saying that I think when option players (not MM's) close out their option positions, then of course the MM's have to adjust their delta-neutral positions. IMHO, this is what causes the large movements coming into expiry.
It's just a natural result of the process.