...Max pain is related to options "pinning" where the stock settles near (within pennies of) a strike price on expiration day.The friend had put the phone on speaker.
[he knows expiration is actually the next day, ask him about the friend who cleared BSC and got a call from Ace Greenberg: "Where's my fucking ten million dollars?". Close those positions if you don't want them exercised. -ed]...
When Mr. G. inquired as to the whereabouts of the needed funds the friend took the phone off speaker and waved me out of the room.
The headline quote is from DealBreaker's:
Dick Fuld: Never stab a hobo that panhandles on your street and whose friends can ID you to the cops.
Alan Greenspan: Make sure your per diem covers the girls.
Someone in Stamford: Never appear on a Spanish language talk-show to dish on your psychopath ex-wife if you consider yourself a highly secretive hedge fund billionaire