Humanigen Inc (HGENQ)

[Scooter McCabe]

My current theory is that who ever is selling all these calls is also short selling a ton right before the expiration. It's an aggressive tactic selling covered calls you never have to cover because you have enough shares to swing the price.

Now the upside to all this is by crashing the price now, August 20th calls are just cheaper and in my opinion a safe bet. The EUA will have it's answer before August 20th. So personally I will be looking to pick up calls on the cheap. I really do believe an EUA is coming and the UK is certainly going to say yes.

So I think what will happen is that on EUA day a lot of crazy ass covering and FOMO will happen. Then the market it will price in for sales and demand. So no higher than 60 bucks and 40 bucks is a reasonable minimum. I don't think you can suppress a stock price to the point that you mute it's run on something like this.