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Exactly. The expiration is the friday before the 3rd saturday of the expiration month -- which is quarterly. So calls and puts sold during the price run-up the
by encoderer 14y ago
Exactly. The expiration is the friday before the 3rd saturday of the expiration month -- which is quarterly. So calls and puts sold during the price run-up the last few months expired today.
That said, I don't really believe the manipulation story. Perhaps a small amount of market manipulation occurred, but it's not the reason AAPL is in a slump. For that, I think mental state and market sentiment are far far more powerful factors.
- thingylab 14y agoQuick correction here: AAPL has weekly, monthly and quarterly options. Weeklies expire every friday (except on fridays when it is also a monthly expiry - the third friday of every month). Quarterlies expire the last business day of march, june, september and december.