wayne's wednesday, page-86

hi jaolsa, I don't really understand options and rollover as much as I'd like, but could it be that instos that are rolling options over would want to sell high and then buy low. So, if they are overweight puts as they seem to be, would they not want to sell their puts when the market was low but buy puts in the next contract when the market was high? So may they be battling in the market to make these exchanges at times which are good for them, and so creating volatility in order to position themselves best? Thats a bit garbled, but basically instos want markets to be high at some stages this week, and low at other stages? Or is that a hopelessly naieve insight..