Halozyme Therapeutics Inc (HALO)

[Fred Kadiddlehopper]

I think its the former rather than the latter. They pushed the price over
$20 on Thursday and probably rolled out new covered calls into future months at that time. Then on Friday they let the pps come back in below $20 but not too far down since there were about 15,000 calls outstanding on shares $19 and under (controlling about 1.5 million shares). Thus on Friday they were probably engaged in some combination of both exercising some calls and buying to cover.
Still figuring out their game plan so it will bear watching again next month.
Good luck!
-Fritz