Humanigen Inc (HGENQ)

[Corundum]

Regarding the 200,000 share block. Can someone check the timing on that compared with possible 2,000+ call contracts executed today for May expiration 30's and another 2,000+ for June expiration 30's? I'm thinking someone may have sold May and bought June, with the expectation that there will be no EUA by May expiration.

The shares may be involved as the option writer MM is trying to cover the risk associated with the purchase of the June calls.

There was another big trade yesterday possibly involving 150,000 shares that did not move the selling price, along with 1,500 $30 put contracts (sold as a monetary offset to the stock costs?) and 1,500 $30 call contracts (bought cheap to cover the upside risk on the puts?) in May.

Looks like one or more hedge funds are getting involved in a substantial way.