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@Calgary

MAXIUM PAIN principle is at work on this triple witch day. BRCD, LEXR, CYD, ..., etc will bounce up sharply this coming Monday. See inside.

accord86(accord)
On an option expiry day like today. The market will head to a price where the most numerous option holders will be hurt. This is MAXIMUM PAIN principle. Took as example, let's look at why we have some strange low prices today, and ONLY for today:

BRCD: If prices at slightly < $6, then, 47000 Nov call out of 48000 total will expire worth less, and 10000 Nov put out of 13000 total will expire.

LEXR: slightly <$20, so that 11500 Nov call out of 12000 total will expire
and 10000 out of 13000 Nov put will expire worthless

CYD: ~ $25, so that 7000 out of 8000 call will expire, 3000 out of 4400 put will expire.
(#1477802@0)
Last Updated: 2003-11-21
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Replies, comments and Discussions:

  • 枫下家园 / 理财投资税务 / BRCD, 这种巨量下调的一般是什么原因，肯定是庄稼出货吧？ -option1(option); 2003-11-21 (#1477588@0)
    • 这么出货的不是庄稼，是雷锋吧。。。 -yanggu(盲人骑瞎马夜半临深池); 2003-11-21 (#1477604@0)
      • 雷锋有这么多部队吗？ -option1(option); 2003-11-21 (#1477672@0)
        • 呵呵，没说清楚，是雷锋们 -yanggu(盲人骑瞎马夜半临深池); 2003-11-21 (#1477685@0)
    • MAXIUM PAIN principle is at work on this triple witch day. BRCD, LEXR, CYD, ..., etc will bounce up sharply this coming Monday. See inside. -accord86(accord); 2003-11-21 {627} (#1477802@0)
      On an option expiry day like today. The market will head to a price where the most numerous option holders will be hurt. This is MAXIMUM PAIN principle. Took as example, let's look at why we have some strange low prices today, and ONLY for today:

      BRCD: If prices at slightly < $6, then, 47000 Nov call out of 48000 total will expire worth less, and 10000 Nov put out of 13000 total will expire.

      LEXR: slightly <$20, so that 11500 Nov call out of 12000 total will expire
      and 10000 out of 13000 Nov put will expire worthless

      CYD: ~ $25, so that 7000 out of 8000 call will expire, 3000 out of 4400 put will expire.
      • 这个option expiry day effect 是有道理。只是哪里能查到所有OPTION的这些数据呢？ -dundas888(登达寺); 2003-11-21 (#1477820@0)
        • Would someone post on how to find it from free websites?(somebody talked about this before). I got it from www.tdwaterhouse.com (the US one, not the Canada one). -accord86(accord); 2003-11-21 (#1477842@0)
          • 这种信息原本难得，谢谢分享。 -dundas888(登达寺); 2003-11-21 (#1477848@0)
      • 有些月准，有些月不准。归根结底，小於等於50% -yanggu(盲人骑瞎马夜半临深池); 2003-11-21 (#1477855@0)
        • 不过今天在6刀左右好像争夺相当激烈！ -southnorth(羽宇); 2003-11-21 (#1477867@0)
          • 这个月是准的，下个月就不一定了。所以很难用。。。 -yanggu(盲人骑瞎马夜半临深池); 2003-11-21 (#1477871@0)
            • 怎样看，如果守住6刀，周一会如何走，如果守不住呢？当然是大市没有明显变化的情况下。还望大侠给说说。 -southnorth(羽宇); 2003-11-21 (#1477875@0)
              • QQQ天天看所以能猜个大概，BRCD又不熟，瞎说不是误导吗 -yanggu(盲人骑瞎马夜半临深池); 2003-11-21 (#1477881@0)
                • 多谢，多谢！今天在你的指引下，1500股全仓杀入brcd◎5。94。看形势凶险，刚刚6。0退出。 -southnorth(羽宇); 2003-11-21 (#1477887@0)
        • Yes. many factors conspire to move the market. Separatly, it's really splendid that you fought on 500 kinds of stocks and had little loss on any of them - something must be sure, not coin-tossing. -accord86(accord); 2003-11-21 (#1477873@0)
          • Patience! patience when buying, patience when selling. -yanggu(盲人骑瞎马夜半临深池); 2003-11-21 (#1477883@0)
            • Thanks. Patience is a good way in loss control, together with China-Wei's fast-feet & Wins's trailing stop. I lost some money recently when I changed my style into more aggressiveness. Hope patience cures. -accord86(accord); 2003-11-21 (#1477921@0)
    • 看来BRCD和IVAN有一比. -pointnshoot(拖拉机); 2003-11-21 (#1478041@0)

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