August option expire today. The figure below shows the price range since since the August options started trade basically near the end of April. The open interest for the call options is expressed in the blue figures, and the open interest for the put options is in red. If prices move below 11600, holders of short position would likely have to sell futures in order not to risk losses, there are over 31,000 contracts open in that strike. The 117 calls have over 20,000 open so a move above there would cause buying in the underlying futures by holders of short positions in that strike. The 116.5 strikes as you can see have around 12K each, and as of this writing 10:56 a.m.c.s.t. futures prices have been trading mostly around 11609 to 111612. One dealer has bee actively selling the Aug. 117 puts to buy the Aug. 116 puts, perhaps taking profit on a long position in the 117 puts and trying to take some extra premium. Otherwise not too much for big size trading in the August options. To keep up with the flows go to www.accutic.net and upload the alerts.
Comments