Replies to post #113209 on Avid Bioservices Inc (CDMO)

[keep_trying]

CP, if I understand the call option dynamic you are describing, some party may have acquired 2 million shares at pricing at a small premium to what we were seeing in trading over the last few weeks without needing to reveal their intent or risk that the acquisition would drive up the pps during the acquisition. That carries parallels to taking out stops to acquire shares through a surprise pps move, except in this case, it is the option writers that get their position in PPHM scooped up. Why 2 million shares? Perhaps, that is all the calls that writers were willing to put at risk or maybe, all the shares they had?

Interesting.

Best wishes and IMO.
KT

[nuke661]

CP,

I'm very inexperienced with options. Never have used them.

However, this discussion is very interesting. Anytime something unusual like this occurs for this stock a person really needs to take notice-IMO.

What if a person wanted to own the shares for a nefarious purpose such as to support a continued downward trend during a bear raid.

I'm thinking that the person might want the shares to continue a bear raid initiated with short positions and to continue the downward pressure by selling a huge block after the circuit breaker rule kicks in to prevent more short positions from being entered.

Does this scenario have any credibility or possibility in your opinion?

Thanks CP.