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To: GVTucker who wrote (147727)11/19/1999 1:42:00 PM
From: Ian@SI  Respond to of 176387
 
GVT,

Normally, I'm one of "those proponents" of market manipulation. But this time, I must disagree.

While it may be easier to move the market in afterhours trading, the incentive to do so is probably less than might appear at first blush.

The manipulator pays more or receives less for shares traded.

Come Monday, the option holder can realize profits on Puts Assigned or buy back Shares Called probably at a profit in a market which can't be manipulated so easily.

And if the system does get abused on a regular basis, I could see Option contracts expiring at or before 4:30 on the 3rd Friday of each month. Either that or the Specialists can watch their business go down the toilet.

JMHO,
Ian.



To: GVTucker who wrote (147727)11/19/1999 1:56:00 PM
From: TigerPaw  Respond to of 176387
 
I'm thinking that option sellers should demand a bit more premium for the increased risk.
TP