The buy spike with 4 million shares can not be related to options. The open interest in options is orders of magnitude smaller than the trade volume.|
With so much of the stock in the hands of institutions, the only explanations I can come up with are:
A buyout rumor with some credibility-I am just surprised that nobody on the boards seems to know about it.
A rumor of closing a large contract. If the q1 shortfall is compensated by greater than expected sales in q2, then the stock is very undervalued.
I wish someone with better connections to the stock would post. I am just a 6000 share holder at about $13.