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S&P 500
6,967.38
(
1.18%
)
US TECH 100
25,133.91
(
1.77%
)
Dow Jones
48,535.99
(
0.66%
)
Brent Oil
92.69
(
-2.91%
)
Bitcoin
74,032.03
(
-0.63%
)
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Post# of 704041
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Greybeard

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Greybeard

Re: market_watcher post# 120965

Wednesday, 06/18/2003 3:44:07 PM

Wednesday, June 18, 2003 3:44:07 PM

Post# of 704041
Since the mantra of "most options expire worthless" most writers (the pros) are er naked and don't actually hold the underlying stock. Now they have to go out in the market and buy the stock to deliver it to the call buyers, hence pushing the stock up even more.

Greybeard

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