She claims that the big late day move in EROC was due to OPEX. I promise you that there is _zero_ chance she is right. Stock movement near OPEX is for the sole purpose of preventing or enabling the exercise of certain options. The closest option strike prices for EROC are $7.50 and $5.00. EROC went from about $6.78 to $6.50. All those prices are well away from any strike price. Liza makes tons of comments and is wrong all too often. Where does she get her strong sense of confidence from?
Although you won't see a up/down spike every opex, I would remind everyone that tomorrow is October options expiration. Just to preempt any WTH posts about late in the day price movement.
No last minute spike in EROC this month, however the same question is being raised about why the late day movement on other MLP boards. For example someone asking it on EPD. Same thing happens every month on the friday before opex.
I see Hinds Howard (mlp analyst) agrres with me.
From his weekly blog on the mlpguy website:
"The upstream MLPs on either end of the return spectrum both saw the bulk of their price movements occur in the last 30 minutes of the trading day Friday, which seems to happen often on option expiration days each month."
From seeing this same thing every options expiration Friday typically followed by comments like yours. I guess you think it's just coincidence that the huge move came right at the close of the one day of the month when options expire? Likely that late day move will be reversed at the open on Monday.
You are so very wrong. It is not options related at all. The stock did not move even close to a different stroke price. Do you even have a clue why some stocks move at OPEX? If you knew the mechanics, then you would know why you are wrong. You really are not good at logic or math for an Asian chick.