RE:RE:RE:Today's price action For the last 6 months at least traders have been able to write options at the $20 strike price. Smart money writes options and hopes for them to expire worthless, while retail investors and funds buy options as protection and speculation. What happened the last week or so especially with the run to $21 is the $20 calls especially were worth at least $1.00 all the while likely being sold for just pennies. So in order to bring the value back down to zero and erase the losses, the price needed to come down to $20.00. Smart money that writes options profits when most of what was written expires worthless. So that is the reason the stock was walked down all day, and then dumped at the end to break $20. Today was expiry, so they needed to do that. I have seen that many times before. Those who write options are like the house. They always win.