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Technology Stocks : America On-Line: will it survive ...? -- Ignore unavailable to you. Want to Upgrade?


To: Howard Hoffman who wrote (6819)1/14/1998 11:03:00 AM
From: jack rand  Respond to of 13594
 
Pin the strike means make the underlying = strike so that the
calls and puts for the strike expire worthless on expiration day
(fri). Usually, the target for pinning is the strike closest to
current trading range -- which is where most of the options action
tends to be.