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Bank of America Corporation Message Board

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  • lodas336 lodas336 Jul 20, 2009 2:18 PM Flag

    CAN ANYONE EXPLAIN WHY

    mofo MM who shorted BAC into option expiration now have to cover their short positions... it works like this:....hedge funds sell calls on the july 13 strike. at the same time they buy puts on the july 13... they then short the stock big time so that the buyers of the 13 strike cant exercise their options... next, by driving down the stock, the 13 puts become valuable and they clean up on those... monday morning, they must cover their previous short positions by driving the stock down again, like they are doing now... as soon as they are finished getting their shorts covered, they will raise the pps,and start the cycle all over again for august options.... Lodas

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    • plez explain to me how they drive the stock lower on monday if they r already short it from friday?????? u conspiracy guys kill me. its always a conspiracy...a game . a marketmaker. its always someone other than the man in the mirror

      • 1 Reply to chezjonz
      • Not sure why it is moving other to say that they chart tells all. If you look at my earlier post you will see that I said that the chart showed it dropping to 12.20. 10 Day Simple moving average is the tell for me since first week in June. Like I said, I base my stuff on charts and from that standpoint it is right on que...

 
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15.16-0.22(-1.43%)Sep 29 4:01 PMEDT