Avid Bioservices Inc (CDMO)

[EYEBUYSTOX]

Notable Options Activity, kinda:

20 (twenty) Jan. $2.50 calls were traded today at a price of .01. I don't know about any of you options traders out there, but such a trade would be impossible to make with most platforms and wouldn't be worth the TWENTY DOLLAR(YES $20)investment taking into account commissions. So, what's the point? Well, it's also interesting to note that there are 1.5 millions shares (15k contracts) exercisable at this strike price that expire on Friday. And, if perchance the same people willing to gamble on out of the money biotech calls used equally aggressive forms of investing such as MARGIN accounts, this seemingly harmless and insignificant $20 trade just might trigger thousands (possibly tens of thousands) of dollars worth of stock sales needed to meet margin requirements. Market makers would welcome this. FWIW, the same thing happened back in August before the epic run. All, IMO.