There was very little, to zero, call option correlation to the markets move. (or at least to the Jan 2011 options I have)
Do not know what to make of this. Maybe due to volatility declining, and premium gets sucked out. (But multiple point moves in all the stocks I have creates the high beta, and should have increased some of the premium.)
Its is very abnormal to see IBM up 2 points, and in the money call options not move at all. (I can make a case for the abnormal correlation with my other options as well.)
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