- Deep in the money options contracts will be assigned at expiration date.
Higher Volume ratio of deep in the money contracts at expiration calls or puts leads to day after expiration date we have more traders holding the underlying asset or disposing based on calls to put ratio below or above 1.
Assumption: "The day after expiration date the more traders being assigned the underlying assets the more likely after expiration the asset will have an edge to the downside."
Conclusion: It is advantageous of being long or short the underlying asset based on the volume of options assigned at expiration date.
Does this make any sense? Is there any paper research on this topic?