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MRCapital

12/16/08 11:25 PM

#40746 RE: langlui #40742

You make things more complicated than they really are. OK this past month the markets have been bullish. Yes or No? Yes. OK, since the markets haven been bullish traders get that fuzzy feeling, and start buying calls. At these levels calls outnumber the puts by far. So the casino boys options expiration pull the rugg to eliminate a large number of calls...Even if people sell they're calls, and the volume is big is irrelevant since most of those calls are worth a lot less that last day as the market is dropping.Then it becomes a game of musical chairs, and the last one to hold the contracts holds the bag of shyt...