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Politics : The Left Wing Porch -- Ignore unavailable to you. Want to Upgrade?

To: hobo who wrote (1961)	12/23/2000 11:04:06 PM
From: YlangYlangBreeze	Read Replies (1) \| Respond to of 6089

Thank you for helping me articulate those doubts. Here are some problems I see as drwan from the site. "90% of all the options that are bought and held to expiration will expire worthless" "And held to expiration" seems a pretty big element. Well duh! We cash them out trying to get the other buck at an opportune moment. I've never put or been put a stock. Neither have I called. I have been called out, having settled on a price in my mind that I think is fair. Whether this tendency is deliberately caused by some conscious effort at market manipulation or is just a result of some natural law of supply and demand is not obvious to this analyst. It is significant, however, to be aware that this does seem to be a tendency that occurs during those times when there is not some major market upheaval, price momentum, or breaking news relative to the stock in question. I guess they worded that better than I did, but I love conspiracy theories. They're often so implausible and reflect the mental gymnatics of the believer more than the subject. And I've always has a problem with Market Maker conspiracies. Conclusion: If all things held equal from now until options expiry day, and no breaking news occurs, no Alan Greenspaning is occuring, no unstoppable price momentum events are occuring, then the hypothesis is that the closing price for SUNW would tend to be 'attracted' to a price near $47.50. This is the price that would cause the most loss for option holders and most gain for option writers ie the Max-Pain™ point. Yeah that could happen. Thanks for all the other links. I really appreciate them, and the time you took to rap to me about Max Pain. I feel even more convinced it's bogus. This is vacation time, and while I am up to a little off color banter, perhaps even planning a flag burning, demonstration, or Guerilla Theater Inauguration Protest, I'm gonna slack off on the studying right now.