RE: Option open interestI think Insurance calculation are too complex.
How do I look at it ?
If the stock markets falls 30%. then MFC will lose less than $2.00 per share.
(based on their formula 10% markets'drop, MFC will lost $1B)
This lost will be covered anyways by their operational earnings.
The records show that the markets went up over the last year and there is no compelling
reason for the stock markets to drop 30%
Yet manulife stock price has already factor in a humongous drop in stock markets.
This MFC moves with market volatilities and not earnings reports.