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Options Exercised and Abandoned
Posted by Tango
on December 14, 2019, 10:43 am
The settlement price was 130.90 but the post close traded as low as 129.20 to end at 129.75, below the 130,00 strike. This apparently prompted 1,118 lots to be abandoned by the call longs of the 130.00 striking price. Likewise, the put longs of 938 lots decided to exercise 343 lots. Obviously the dip below 130.00 provided enough time and activity to allow both sides to cover their hedges. Or, some may still be short.