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The reason I explained what a call and a put options do is because he asked the question of which type of option was used.
That does not imply anything about his level of knowledge or experience. There are TWO kinds of options and he wanted to know which of them was being used. In fact, so did I.
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With that volume and the drop in price would only be explained by trigering the sale of a large put holding.
Perhaps. Markets are very complex and it is doubtful that any single event short of a complete collapse would be the total effect upon the market at that time.
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the financial world is stupid
Heh heh... ALL parts of the world can be stupid at times. The financial portion of the world certainly has no unique claim to it.
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Posted 12/31/2011 9:24 pm
