I haven't been following the options at all, what has the volume been like?
It could be a switch.
That is, sell a few heads (on lowish volume), get a bit of a panic happening, get it below option exercise price.
Soak up all the options, and then exercise.
If you want to buy some serious volume it is quite a valid strategy, without pushing the heads up.
The 3B'S closer towards the expiry date will tell the story.
Cheers
Ann: Wodger Drilling Starts, Boosted by $200,000 Government Grant, page-37
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