Wave Systems Corp. (fka WAVXQ)

[lugan]

WAVX up in afterhours to 2.53.
Those who bought the Oct 2.50 calls only may gain if shares close above 2.50. Those who sold calls do gain if shares close at or below 2.50.
If SP moves above 2.50, holders of calls will either exercise their calls or sell them, most likely at a loss depending on how much they paid to get them, unless the SP moves up substantially during the day.
There are not that many open calls... 1279 showing on TD America. Options do have some affect here, it's just hard to tell how much.