When I realized this, I closed all my FB, 49 call options in the morinng itself. I was right atleast for myself to get a descent money.
Today I noticed FB closing at 49.01. That means both 49 calls and puts expired.
49 calls open interest were 30178, 49 puts open interest 20101. So keeping price at 49 made both value zero.
This happened previous for AAPL also when it closed at 520 exactly. After AAPL, I started looking at FB. And I new that somebody makes it close at 49 today close. And same thing happened.
Who is doing this? Option writers or market makers?
Is it not illegal?
Is it that it is manupulated?. If yes, then no hopes make money in stocks
i think that is why every small investor loses money..
They introduce something new which never works perfectly
they start releasing dot releases to fix the issue, but they screw it up more.
i think they lack testers.. Or may be having useless ones
i dont think i need to list the issue here. Every one knows. I do own 4 iphone 5.
btw, i dont have any position, but i think the stock will end up about near $200.
the stock will go up from here..
Sentiment: Strong Buy