So the Chairman exercises 200,000 $1.00 options and buys 100,000 shares. That explains the series of ad hoc $6.18 buys on a day where it traded much lower.
The last day of volatility a few days ago happened on director activity - except that pushed the price up.
I hope all those people stopped out just under $6.00 didn't lose their money because of one-off director trades. Time will tell whether it was the right call to stop out at that level!
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So the Chairman exercises 200,000 $1.00 options and buys 100,000...
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