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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: P.Prazeres who wrote (12143)12/22/1997 5:15:00 PM
From: vegetarian  Respond to of 94695
 
Plus options MMs are bulk of the buyers of options on the last day because they can exercise a 1/16 difference since they don't pay any commissions.
For anything ITM at expiration, the probablility of getting exercised is nearly 1 (ref: Larry McMillan's text).