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Poof go the options

3.80 CN calls that were worth .60 a week ago on the verge of going where options go to die.


The good news, such as it is, is that a very substantial number of new longs that looked to get exercised into the futures won't- on the order of 50K I'd guess.

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Re: Poof go the options

Looks like in SN 11 is the magnet. 10,700 OI there.


Perhaps slight good news is that around 20K SN puts are going to get exercised, which might balance the market out a little.

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