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Re: Tbone88 post# 1047

Thursday, 08/29/2019 8:11:13 PM

Thursday, August 29, 2019 8:11:13 PM

Post# of 1469
Bone 88.... did you buy, or sell those 2.50 sept ca;ll options?..... if you bought them, I got some bad news for you... did you check the 1961 open positions on the 2.50 put?.... if you did not, here is what will happen.... the MM were all too happy to take your .15 cents if you bought that call option.... but. the MM also bought 1961 open put options to slam the stock down below 2.50 so you can't exercise your 2.50 call...it works like this......MM sell calls to retail investors, and at the same time they buy put options at the same strike price.... as option expiration time expires, MM push down the price below 2.50, so that option buyers can't make money, or get possession of the stock, and at the same time they push the price below 2.50. the put option expands, and the MM make money both ways...they will take your .15 cents per share, and slam the put option at 2.50 to those who sold those 2.50 put options...NEVER BUY A CALL OPTION UNLESS YOU ARE AN INSIDER WITH SPECIFIC KNOWLEDGE OF THE DIRECTION OF THE STOCK MOVEMENT TOWARDS EXPIRATION.......Lodas