Replies to post #270132 on Zeev's Turnips Patch-No Politics (ZEEV)

[nancy2]

my sense is, if by today, the options are still in the OI, they are already worthless options, unless some sizable move on either side, otherwise, those are already being written off as bad lottery tickets or as insurance premium.

index options expire at market open, btw.

QQQ should really be index option, but they treat it as equity, and remain open like other equities, till the close of Friday.

[jrintl]

Deep excursion under 35? Ouch...

[choad]

Zeev, and should this deep excursion manifest itself, what would you prognosticate? Short term bottom? or

[nancy2]

that person's MP calculation was correct. he said it drifted to 35.3 this morning after yesterday's number.

we saw that at the gap up. there was no effort to even keep it at 35.