"Why would someone exercise an option when not "in the money". Could have sold options and bought shares instead. Strange, really strange. We probably will know soon."
They are buying oppies because they can purchase millions of them without really moving the price too much. Try buying 3 million heads in the same time frame and it will raise the price considerably.
.........somebody is "in the know."
Ann: S.708 Notice and Appendix 3B - Exercise of Listed Options, page-7
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