Avid Bioservices Inc (CDMO)

[investingdog]

<< I had a bunch of $5's that I exercised planning to sell Monday morning, and you know the story from there! >>

The situation is different now. First of all the stock is at 1.50, not 5, so downside is much smaller. All the bad news already reflected in the depressed share price, IMO unlikely to go down by a significant amount.

Generally, it is better to exercise options than to sell them. Commission is less and you also force MM to provide shares which may put upward pressure on the share price, especially if someone sold naked calls.

As you know I am on the opposite side of that trade, wrote $1.5 and $2 covered calls. I'll be watching the OPEX closely too.