why are options dragging so much, page-9

Excactly. This happened this morning as the heads hit a high of 66 early. The options were picked up for leverage (maybe as a CFD trade) ie they would want to get out today rather than pay to keep overnight. The heads dropped off and so did the options from 46 by a quick sale of 20k bringing the oppies down to 43.5. I think it was a longer term holder who cashed a few up, beating the CFD holder who needed to get out today not to want to risk having them drop any further. Hence 50k sold out quickly afterwards at a price of 42 because of fear of holding the CFD's into a worse position. Just my opinion as i have seen a bit of this sort of swing trade move but i might be way-off. Anyway, gives LTH'ers a bit of a chuckle. Once the pace quickens-up to buy into this on strong days, the oppies gap will close. So keep accumulating on the lows!