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Mal was interessantes aus dem rg-board zum Thema options: If AMD closes above $95, options would be "in the money". An option contract gives the holder the right to buy 100 shares at a strike price below the current market price. If AMD closes tomorrow at 99, 12,000 contracts that are currently open could be exercised to "call away" 1.2 million shares from those who "wrote" the calls. Call writers who sold each contract for a premium of $400 ($4 per share x 100 in each contract) will be compelled to sell 12,000 contracts, or 1.2 million shares for $9 less per share than market price to those holding 90 strike price call contracts. If the closing price tomorrow is $85, those who sold call contracts at 85 or above simply keep the premium on each contract and also keep their shares. Then the share price should be manipulated with equal effort back up to new highs where it belongs. The big players will then write call contracts to new speculators for August expiry at prices, IMO, at $115 and 120. Then, just before the 3rd friday next month, those who sold calls will be interested in a pullback in AMD to $110 or below. Most call option contracts expire worthless. I hope this helps you to see why they do ! |
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| aus der Diskussion: | AMD - Auf dem Weg zum Börsenstar - Teil 39 |
| Autor (Datum des Eintrages): | think_tank (20.07.00 21:50:18) |
| Beitrag: | 41 von 108 (ID:1368909) |
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