Avid Bioservices Inc (CDMO)

[tech0200]

That makes some sense. Except when you think that whoever bought the shares with the puts for downside protection could have accomplished the same thing by buying calls. Their loss would be limited to the cost of the calls just like buying the stock with the puts. The cost of their puts would be their loss. When you put it that way what would be the advantage of buying the shares with the puts over buying the calls which can be converted into shares. Apparently none unless PPHM was able to get somebody with big bucks who obviously knows about options to go with buying the shares with the puts instead of just buying the calls. I guess it's hard for me to buy that. Since when has an investor done anything to benefit PPHM. The bottom line is always the retail investor like us will never know and is always playing the market with a disadvantage over the professional with the big bucks and the CEOs and board members.