Avid Bioservices Inc (CDMO)

[PPHMownsME]

Curious to hear people's thoughts on last week's action (not just Friday end of day) based on this explanation of Triple-witching.

Also called triple expiration, triple-witching refers to the quarterly expiration of index futures, index future options and certain stock options on the third Friday of March, June, September and December. This can cause some pretty big swings in the stock market.
For instance, if a lot of people think that the next futures contract looks expensive, they may decide not to "roll" their contracts and instead buy the underlying stocks. That will add some buying pressure to the market and, if there's not much else moving the market that day, drive stocks higher. Nowadays, many futures and options players unwind positions ahead of triple-witching Friday, so the effect has been dampened in recent years.