InterDigital Inc (IDCC)

[littleinvestor]

My Opinion Only:

I think that, by pre-arrangement between two or more participants, they line up a bunch of bids declining in price typically by $.01.

Then the seller(s) accept this stack of declining bids and lower the price on "light volume".

They might be naked shorts but they can cover by selling back to the other participants. The cost to the group is the "light volume" x the price decline, which they can recoup later by short selling after they let the price rise naturally after expiration.

The option writers can write naked calls knowing that they are in control of the price and can force them to expire worthless.

Today's trading is just a practice exercise to assure themselves that they can control the price at will as they approach the expiration date of March 20th.