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BostonVoter 1 point ago +1 / -0

You are correct. However you are also Wrong.

When someone closes out an option. They purchase the opposite option. And square up the difference, hopefully Making a Profit. Or Closing a Loss.

So if they Bought a Call . They close it by sellington the same Call . If they sold a call. They close it by buying a call.

Before 9/11 the options were " in the money" and the person never turned it into a Profit. And It was mostly anonymous.

Regardless of whatever me or you think happened.

Someone either got caught. Got scared, was murdered, or something else.

But the volume for the 9/11 PUT options were there. And there was alot of them