Hi Trades, All
More on the options saga ...
The displayed data for the Feb11 options went to 0 days to exp. at 1pm est = 12 pm Central as might be expected.
Actual expiration is "end of day session" when ever that is ...
So, to fit into the "max damage range" being discussed SIH11 has to get up a bit (above 27.5) for max. damage otherwise [524 puts at 27 and 264 puts at 27.5] will remain ITM. There is nothing coming close on the Call side.
So any support to the "max. damage theory" has to see SIH11
at day close Wed. in the 27.5 to 28 range.
With SIH11 currently at 26.95 I really see no great hurdle to it getting above 27.5 for market close Wed. afternoon.
So, we will see how things pan out. And likely the FOMC statement at 2:15 complicates the picture for the Feb11 SI futures options expiring right about then.
Here is a link to the CME Pdf on the Silver Futures.
Note that this is just a "science project" on the futures options behavior. It remains to be seen just what will be learned !!
A quick observation:
SIH11 just hit 27.025 and kicked 524 options OOM !!
At 27.5 will kick another 264 out, but maybe they won't get too greedy !!
BTW, I allow I may have screwed up looking at the data, or it changed ....
The 27P has the largest OI at 524 so "max damage" may well occur if SIH11 stays above 27.