feelinglucky,
While I agree that prices are manipulated into eto expiry, it is my observation that eto writers have limited power to hold stocks at a particular price point. What they tend to do is go with the flow then try to close a stock right at a strike price.
They cannot, or do not, fight the overall market. It isn't worth the outlay.
In the case of BHP they may wish for a 1200 close on Thursday, However if the broader market starts to sell BHP down they will stand aside and maybe try for a close at 1150.
One other thing I've noticed. Where a stock closes at a strike price 1 or 2 days before expiry, there is often a big move away from that strike on the expiry day.
No idea why but the cynic in me says there's a reason for it and it isn't done to benefit traders.
Just my observations.
bhp $12 or better by thurs, page-5
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BHP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$42.06 |
Change
-0.930(2.16%) |
Mkt cap ! $213.4B | |||
| Open | High | Low | Value | Volume |
| $42.33 | $42.50 | $41.94 | $609.8M | 14.57M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5770 | $42.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.11 | 2807 | 1 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| BHP (ASX) Chart |