Ref:VRNG August 3.50 calls, interesting 12,000 open interest there and 50,000 open interest in you add in the Sept positions $4 and under. That's 5 million shares and most likely the majority owned by shorts as hedges.
Sellers on the other hand must be rolling in the dough if they have been doing this since last summer. Buyers had to be pretty nimble to cash out. Its been my experience that this stock has been a miserable option play for longs and it appears to be easily manipulated.
Amazing the timing of the 8/17 court deadline coincide nicely with expirations. Just a coincidence I am sure.