Why I believe so much in charts
The 20 biggest and most active Apple-trading hedge funds By Philip Elmer-DeWitt May 27, 2011: 8:53 AM ET Who’s behind the weekly Max Pain phenomenon that has become the tail that wags the dog? In our ongoing quest to understand what part the trade in weekly Apple (AAPL) options plays in keeping the company’s stock price from reflecting its performance (see here, here and here), we had a chat the other day with Mark Sebastian, a former market maker at the Chicago Board Options Exchange who posts frequently on TheStreet.com. He’s been encouraging individual investors to piggyback on an options … Read more