Here is a run down of all of Nick's closed/booked May option trades; as mentioned he closed via MOC to offset.
MOC - is short for market on close; typically a market order on the floor done in the final minutes of trade; they don't GTD that the price closes there; but they are one of the common orders placed when one is trying to hedge at or near the closing price.
The table showing Nick's loses looks a little dissapointing; but
MOC - is short for market on close; typically a market order on the floor done in the final minutes of trade; they don't GTD that the price closes there; but they are one of the common orders placed when one is trying to hedge at or near the closing price.
The table showing Nick's loses looks a little dissapointing; but
