When open interest is heavy on the put-side, the mkt makers w attempt to keep
the price ABOVE 60 in an attempt to expire those contracts worthless...It
actually works opposite of what you're thinking, Mr. DB...Have a nice day
trading. Sincerely, hg



----- Original Message ----
From: dumbull65 <no_reply@yahoogroups.com>
To: advancedoptionstrategies@yahoogroups.com
Sent: Wednesday, October 15, 2008 9:49:39 AM
Subject: [Advanced Option Strategies] Heavy Put open interest


PNC has heavy Oct Put open interest at 60 and 65. The stock is around
60. Does this mean trading will attempt to keep stock price below 60?
Or something else?






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