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April ExpirationApril Expiration
roarflolo said: "How did people like the gap up for settlement today? Almost 25 points up from yesterday's close for the NDX :dazed052:
I hope this didn't affect any shorts."
Rickster said: "This is the first time I can remember a gap like this on expiry. This one magically put us right back on the old trend line and saved all those who sold april options a few months ago from losing money. Let there be no doubt who controls this market.
I had made a small bet against the option sellers, thinking they had lost their grip and the market might take a tumble. But alas, my DIA puts are worthless and whoever sold them to me now has my money for keeps. C'est la vie."