Friday, January 18, 2008

option exp. exercise

manipulation at its best:

time price jan600put
3:00 600 0.7
3:10 602.7 0.3
3:17 602.89 0.2
3:23 601.04 0.4
3:30 600.57 0.45
3:44 600.36 0.25
3:49 601.2 0.05
3:52 600.91 0.05

prev. close was 600.79 and range today is 598 to 609.99
opened at 606.80


so we learn that stock closes at prev. close price on exp.
there is opportunity to profit, but respect the manipulators.

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