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Oct Options Exercised and Abandoned
Posted by Tango
on September 14, 2019, 7:17 am
It is difficult to make any affirmative conclusions with this report but there are questions nevertheless. Although the market settled at 102.75, on the post close prices floated below the striking price of 102.50 to print last at 102.45. However the majority of call longs decided to exercise, 867 lots, 195 lots abandoned. On the put side, only 38 lots were exercised while 549 lots were abandoned. It may indicate a bullish sentiment or it may just mean that it was too close to call. In any event, options expiration was not bearish like it usually is but, rather, on the neutral to steady side.