Avid Bioservices Inc (CDMO)

[Hypi]

Now the July $1 calls on PPHM have an ASK of .30. Though the bid is only .05. Once again whomever bought 500 yesterday at .20 either expects a big move shortly or before July expiration. Though WHY would the ASK move to .30? I thought the buyer yesterday was crazy because the bid was .05 and Ask was .15 and he paid .20. It looks like a good buy from yesterday, but that's a helluva a premium at .30. I mean your betting PPHM will at least double from these levels to get back your investment. Interesting as watching option prices can give you some indication of what is transpiring. I guess Ronin can leverage these options, if they think the stock is going to $1.50 or higher in the next few months. Stock down today, yet option price goes up. Go Figure? Imagine if they would take the ATM off of Auto Pilot?