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OCZ Technology Group Inc Message Board

  • brewsnbruins brewsnbruins Mar 15, 2013 9:51 AM Flag

    imagine that--trading exactly @ $2 on OPEX Friday

    bunch of criminals w/ Licenses to steal.

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    • dont get it, what happens when it trades at 2?

      • 1 Reply to dbaser97
      • Presumably, those who sell options contracts mostly sold $2 buys, meaning you would buy the contract if you had hoped the price was significantly more than $2 so that you could exercise your right to buy the stock at $2 and have a profit on your hands. The buyer pays a premium for this option. The sellers of options are the people that OP is angry with.

        The OP is alleging that the sellers of options contracts are artificially holding the price at exactly 2.00 to make the options contracts worthless. The options seller keeps the premiums and doesn't have to worry about anybody exercising the contracts. Options buyers gain nothing, and are out the money they paid for the premium.

        Options contracts expire on the Saturday that follows the third Friday of the month, which is today.

        Sentiment: Buy

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