Harry, I had my thinking switched, thinking it was the holders of the
puts not the mkt makers that would attempt to have contracts expire.
Don't the institutions have some affect or not?



--- In advancedoptionstrategies@yahoogroups.com, goldring harry
<hgtradergsf@...> wrote:
>
> 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?
>
>
>
>
>
>
> [Non-text portions of this message have been removed]
>