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eBay Inc. Message Board

  • keepitsimple9_2000 keepitsimple9_2000 Oct 11, 1999 5:01 PM Flag

    reason ebay is not moving

    there is no volume, and there's a reason, if you
    people would stop and look at the options chain for a
    second.

    ebay MUST maintain the price right around 149-150
    until this friday's options have expired. we are at the
    "max pain" point, where the options writers will make
    the most possible profit. if the stock goes up,
    they'll lose on the calls they wrote. if it goes down
    anymore, they'll lose money on the puts they
    wrote.

    the reason the volume has dried up is because 80% of
    the activity on this stock is usually options
    players. since they have decided NOT to move the stock
    until after expiration, they have no reason to trade,
    and the stock simply will not move.

    do
    yourself a favor, buy some nov 100 puts. this stock is
    going to CRATER at least 40 points the day after those
    october options expire.

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