Expiration day can have a strong effect on a stock. This is known as “pinning the stock”. A stock that is stuck at strike on expiration day when the general market is moving will move away from strike after expiration day. Stocks with high open interest at a particular strike usually get pinned near the strike on expiration day. This … Read More
An “Old” Options Pro Joins The SMB Blog
The goal of my blog is to teach traders about options. I started trading stock options back in 1985 making markets on the Floor of the CBOE. The changes over the past 25 years in some ways are good while others bad. My views come from looking from the floor outward. Computers have sped up the process but the game … Read More