how do pekos work, page-3

Tretch, one other little aspect is quite interesting and again points to your leverage idea. If you have an option performing well (price rising)(in the money) and heading toward expiry , you also get the effect of SH's taking up the options which means the options on offer are out of play & reduce in No's on market thereby increasing there leverage due to less being able to be traded for new players. I know jack about o's but find that they R the next learning step to trading these type of derivatives. PEK has backed off dramatically in last 36 hrs , reason unknown atm DYOR GL.