Advanced Micro Devices Inc (AMD)

[sgolds]

Elmer, yes, Every buyer has a seller. For that to happen there has to be an agreed price. If no one wants to write calls at the current price then it is because the opportunity cost exceeds the time value benefit, meaning that these traders want to wait for a better price.

Also, the option holder determines the closing of contracts by calling the shares or cash settling ahead of expiration. Of course, that is his benefit from paying the time premium. So it takes only one party to close a contract, the other party will be randomly determined (called) if there isn't someone ready to step in and take his place.

Now, you can tell the total number of contracts outstanding and if that number falls then positions are closing. So when YB spoke of call option buy-backs, I presume he meant that there was a dip in the number of open contracts.