Once again, we witness the manipulation day where most stocks will trade at the place where option buyers lose the most money.
Let’s take a look at some stocks.
SNDK… trading at $50 today, most probably close at $50 too as option writers hope that Calls and Puts expire worthless.
LVS… trading around $46 today, should close there too for the same reason.
Dow Jones, trading around 10850. And most probably close around there too.
BAC… should close at 14.50 where option pain is maximum.
This is a heavily manipulated market. Where the winners are the big boys. and the market makers.
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