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Re: Two-timer post# 15891

Thursday, 10/16/2008 7:44:25 PM

Thursday, October 16, 2008 7:44:25 PM

Post# of 31925
There's a *huge* amount of open Put interest at strike prices above the current quotes for most symbols, so the option sellers (i.e. the pros) will want to push the prices up to reduce that amount as much as possible before the OE close, that is, if they aren't overwhelmed by more forced selling due to captitulative fund redemptions.

Kind regards,
-CAPT J

"What would you attempt to do if you knew you could not fail?"

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