Options pin and high Open Interest?

Is there something that goes on with strike prices and huge OI.

I notice that with the DEC 16 call it has a huge amount of OI compared to the other strikes and that some kind of barrier forms at that price that sort of keeps it from going up to 16+

I have noticed this lately with the ge calls I have been writing that have huge OI compared to the others.
 
Quote from noob_trad3r:
-----some kind of barrier forms at that price that sort of keeps it from going up to 16+
-----I have noticed this lately with the ge calls I have been writing that have huge OI compared to the others.
It's a combination of delta hedging, gamma scalping, premium selling, premium buying and a positive feedback loop that continually attracts the attention and money of more and more traders. :cool:
 
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