Comments on: Gav’s Morning Coffee 18-Jan-2007

By: Lloyd

Lloyd — Fri, 19 Jan 2007 15:07:48 +0000

I’ve heard the same thing about options from a master Options trader…they don’t have as much influence as many say they have…

By: Gav

Gav — Fri, 19 Jan 2007 01:07:05 +0000

John. Thanks for your comment. I always appreciate it.
In fact, I am still confused if there is really significant implication on options expirations day. Good for daydtrading? or I should just stay away? I am trying to do some data analysis to get a better view.

By: John Forman

John Forman — Thu, 18 Jan 2007 17:34:14 +0000

Frankly, I think options are given way too much credit for influencing markets. This is from experience. I used to be a forex options analyst. I would be very rich if I had a buck for each time a supposedly important options trading level turned out to be completely meaningless to the price action. Most people don’t understand them, so it’s kind of like magic.