Because Nothing Lasts Forever
- Posted by Adam Warner
- on November 13th, 2009
Well we have expiration on tap next week, though raise your hands if you think it feels like an exciting one. On average, expiration week does see modestly more volatility than a typical week. But heading into it with volatility getting hit the last couple weeks is not a good sign as it implies traders and other active hedgers are net owners of options paper.
What happens when they own paper? They likely need to flip stock against it. And if they’re in there flipping and it’s slow already, you’re not going to see much in the way of motion.
But this is all speculation, we could gap big on Monday and the options shorts will have to chase. So we’ll see.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Adam Warner is the author of Options Volatility Trading: Strategies for Profiting from Market Swings, released in October 2009 from McGraw Hill. (More)
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