Quote from sub0:
look at this shit! From open until close after missing earnings
SON OF A BITCH I WAS ROBBED.
You are paranoid.
No one is pinning the stock to rob you.
Don't believe what you read on Yahoo finance forum. It's a bunch of ill-informed people yakking.
No one is pinning the stock. Period. Just because you expected the stock to drop by $2 doesn't mean it will do that.
Stocks occasionally close at or near the strike price. That's the law of averages.
In addition, when MMs are LONG the ATM options, they have lots of gamma when the stock approaches the strike. Thus, when the stock dips below, they get short and buy stock. When it rallies above strike, they get very long and sell stock. they do that to make money and offset the large theta of owning ATM options. They don't care about you and your options.
This is a natural phenomenon and only those who do not understand how this works complain of planned pinning.
Can you imagine how many shares someone would have to buy and sell just to pin the stock? Can you imagine anyone trying to do this in the real world?
If you can, you have some imagination.
Pinning, as you define it, is a myth. Statistical studies slow a small inclination for a stock to moves towards a strike. But it is VERY small.
You bought the wrong put options and want to blame that on someone else.
Mark
