Take the tour ×  Can options volume affect the underlying asset
price indirectly? I know that options buying/selling does not
directly affect the price of the underlying asset (rather, the
asset price contributes most to the option price). I do know of
technical studies and alert systems that factor in options
volume, and put/call ratios, but outside of some speculation, is
there a known school of thought which revalues an asset based on
the desirability of its options?  share|improve this question I
recall an article from Technical Analysis of Stocks &
Commodities that described a phenomenon on the closing price of
the stock an expiration day as being affected by the volume of
puts and calls. One of the author's main points was that the
stock price would end up at the place that would cause the
maximum loss for the option purchasers (as an aggregate). I
would think that the exercise of the option might cause some
movement toward an exercise price. –  rajah9 Nov 11 '11 at 4:22
I also recall a case where a cou