Avid Bioservices Inc (CDMO)

[investingdog]

<< NO PPHM related reason to keep us below 2$, the option max pain. >>


This is not entirely correct. There are also about 2500 $2 put contracts and option writers would like those to expire worthless as well, and for that to happen they have to push shares to $2 at the close. So, max pain theory should push share price higher today but not over $2.