Weekly Options: Stocks "Pinned" Every Friday?
Weekly Options: Stocks ìPinnedî Every Friday?
As an options expiration day arrives, traders note that stocks sometimes get ìpinnedî to a specific strike price. But now that every week is an expiration week for a select group of stocks and ETFs, will we see this phenomenon every Friday?
As mentioned in an earlier post, the CBOE has added weekly options covering a select group of stocks, ETFs, and indexes. These new CBOE ìWeeklysî let you buy or sell options that expire in about 7 days.
Iíll explain why stocks can sometimes get pinned to specific levels, but first, letís review an example from the week ending July 23.
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