Ayala Pharmaceuticals Inc (ADXS)

[ignatiusrielly35]

A possible "partial" explanation for the algos keeping the pps trapped between 7.50 and 10 is that the January options show a fairly large short strangle position of 6k contracts, with 6k puts at 7.50 and 6k calls at 10. That means someone wants to keep the stock between 7.50 and 10 and simply pocket the premiums they received on 12k contracts, representing 1.2 million shares. Probably not enough in itself to motivate such extreme manipulation, but there certainly could be at least one algo working toward that end.