A poster on the NOK message board recently stated that the pull of the 17.5 and 20 options would keep the stock price from going up till after Jan. 16th. How can one get this from the open option interest? Is it because there were more put options at these levels than call options? The stock is currently holding at 20.77 if spite of talk that the company will state record earnings next Thursday.
Posted by VNGNTN1 on :
I trade options from time to time. There are open intrest contracts at a given strike price expiring on any given month. Never heard of any getting pulled, however when a company annouces a split or take over option trading is halted(maybe referred to as pulled) and then will be arbitrated as to value. I use Ameritrade and when this happens they automatically cancel all unfilled orders.
[This message has been edited by VNGNTN1 (edited January 21, 2004).]