Avid Bioservices Inc (CDMO)

[investingdog]

OPEX shouldn't play a major role this week, actually it shouldn't play any role. Total number of calls and puts for June expiration is just barely above 5K contracts, equivalent to 500K shares. The biggest position is ~3K contracts in $2 calls and those will obviously expire worthless. Max Pain has well defined bottom at $1.5 with ~1.2K call contracts and 800 put contracts. That is hardly enough to influence the closing price on Friday.

Looks like EYEBUY and myself are the major players in PPHM option arena, I believe he is long 1000 call contracts and I am short about 1400 contracts, mix of $2 and $1.5.