Protagenic Therapeutics Inc. (PTIX)

[DarthButcher]

I'm honestly not sure. I just started trading stocks last Summer, and I've yet to try trading options yet but
let me see if I can get this right:

Brilliant Digital has a contract for millions of shares of ATRN between last year and 2016(for the latest expiring ones). They have a call(buy order) of $2.90 for those shares, meaning if it were to go above $2.90(remember the 52-week high) a share, they could call their option and sell the shares to make profit. If not, they let their option expire. From my understanding, it is similar to a non-binding limit order, except that you pay for the option, rather than waiting for it to hit market price. This gives flexibility so that you don't necessarily have to buy the options, and you may just be out your contract price.

A derivative is called such as a match term. The first derivative of a line(or parabola, or formula, or in our case a stock) is velocity. Essentially, this type of order is placed based on the speed of which you think a company will grow as options can be placed for much longer periods of time than regular shares and may also more rapidly grow in value due to their large volume commitments.

Someone let me know if I'm wrong.

If I'm right, then this means that BD, and Dyne by extension, have huge growth confidence still, as the BOD has bought in at $2.90(I heard that on these boards) and now there's evidence BD has millions of options at $2.90 a share for periods as long as 4 years from now. Stay long, stay strong, go ATRN!