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PulteGroup, Inc. Message Board

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  • jeeree234 jeeree234 Sep 8, 2006 8:22 AM Flag

    Doesn't Make Any Sense......

    Jason...Thanks for the simple explanation. Never understood or traded options.

    So, I guess, what you're saying is PHM is controlled by the option writers. They buy stock to raise the price to $30/share if it goes down. They sell the stock if it goes above $30/share. That PHM's stock price range for the strike date is pre-set by the option writers.

    This sounds incredible because of the millions of shares they'd have to trade daily to have such influence. They'd have to, daily, combat bad news and good news, downgrades and upgrades and all the other market influences.

    Whose name do these writers trade in and is this sanctioned by the SEC?

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