Avid Bioservices Inc (CDMO)

[Protector]

nuke661, I understand this question but that person would not just be an idiot, it would be a square idiot. Why?

That person committed to pay 2.50 (strike) +0.20 (premium)=2.70$ then to have a share (actually 2milj of them) on his shelf to participate in a bear raid.

So what we are saying here is that that person will now dump these shares to support a bear raid! Well if he does it right now he looses 1.10$ per share. As said before he could have them at 1.70$ had he done this with a MARCH series say @1 strike.

So, for your suggestion to work, the price would have to go above 2.70$ and then the shares could be dumped to 'bear something'!

But then it still makes no sense because you would still have done it with cheaper options and a lower strike.

Again, I cannot find ANY scenario that would explain it and yet I see the transaction records, they REALLY to place the OI wasn't raised by a glitch!