Due To Lack of Interest, Tomorrow Has Been Cancelled

• Posted by Adam Warner
• on November 19th, 2009

OK, actually not, I just love that lyric. We got a little volatility boost today. Looked at a couple more pin candidates for Options Zone and made the mistake of first writing it up this morning. Long story short, here’s the updated version with prices that reflect our current reality.

Tomorrow is expiration day, which means there’s something on many options trader’s minds: Pinning.

Pinning the strike is the tendency of a stock’s price to close at or near a heavily traded option’s strike price on expiration Friday.

There are two main drivers of this phenomenon.

Please click thru here for the balance of the post.

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.

blog comments powered by Disqus