Tretch, one other little aspect is quite interesting and again...

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.