Given the about 650K shares controlled by the open interest, Assuming you meant Calls, The churn around $5 is inevitable. As 1/3 of those have been traded today...repositioning probably done so now it is true demand volume for the stock.
The announcement has done NOTHING for the Nov Call @ 7.50. Standard short term exuberance with longer than assumed time table for progress?
Sold 185 Oct 5's covered calls. Collected aprox $9,000 in premiums... ..Looks like they will expire worthless as of right now.. Get to do it again in Nov.