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  • mbawizking mbawizking Aug 17, 2012 3:16 PM Flag

    And just like that it doesnt go below $19

    Similiar to the IPO where the stock could not go below IPO price today it can not go below $19.

    Primary reason is because banks stand to lose money if they let it go below $19. Retail is primary purchasers of options and Big Banks/Market Markers are the primary sellers of options.

    If they allowed this stock to go below $19 they would lose money and the government wouldnt allow that. Therefore it does crack below $19 until next week when they can rinse and repeat. Spike up the premiums, suck in the volume then pin the price to whatever price they so desire.

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