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Re: None

Wednesday, 09/19/2012 4:47:54 PM

Wednesday, September 19, 2012 4:47:54 PM

Post# of 68424
Just Option Expiry Shenanigans

The open interest of over 14,000 contracts in $3 strike calls is still very high. Call writers trying to push the calls to be worthless Friday so they can keep all the premium.

It will be very interesting when short interest is posted for September 15th. I'm anticipating between 9 - 12 million shares short. The higher the better as a crowded short trade only means good things for longs.