Could be either of those reasons. Also, May options expire tomorrow. Max pain is $2.50. Tomorrow could be very green again. The perfect storm would be Dale buying tomorrow to put his calls in the money. His buying window was 20 trading days from the financial report being released on May 5th. Although, Dale is maybe not able to buy if he possesses material nonpublic information which is a definite possibility.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.