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Strategies & Market Trends : Options for Newbies -(Help Me Obi-Wan-Kenobe) -- Ignore unavailable to you. Want to Upgrade?

To: tom rusnak who wrote (893)	6/15/1998 4:54:00 PM
From: ----------	Respond to of 2241

Hello: Options usually trade on 3 cycles at a time. As soon as the May options expire, the Aug-Nov and the FEB would normally be available. Hope this helps. Doug

To: tom rusnak who wrote (893)	6/16/1998 10:54:00 PM
From: tom rusnak	Read Replies (1) \| Respond to of 2241

Question that hopefully will provoke some theories: As we are coming up on an option-expiration friday, i was wondering if there are any theories regarding a stock that is trading close to a strike value and there is a much larger open interest of either CALLS or PUTS. What relationship does an underlying stock have to the amount of open interests near expiration day? thanks all for all theories or pointers to theories and/or literature on the subject. tom

To: tom rusnak who wrote (893)	6/18/1998 10:29:00 AM
From: Madpinto	Respond to of 2241

Options months always include the first two months (eg. Jun & Jul currently) and then the remaining months follow the cycle. After an expiration, the second month gets priority. If the second month already trades, the next month in the cycle gets posted. In your question you asked when would the exchange add Feb. Right now the months in your example should be Jun, Jul, Aug, & Nov. After Jun expires, the next two months (Jul and Aug) are active, so Feb will be the month added.