Selling pressure from the option exercise over the next few weeks will eventually ease up. Some of these options were bought for next to nothing and are possibly being exercised and dumped without much regard to the price. By mid January you would expect this overhang to be largely gone and the company ready for its next update. Looking at the chart it could go to $2.50 but I'll leave the bottom picking for others to attempt, I reckon it's a buy here and 2018 will be another exciting year for BIG. The shorters have had their brief win but history shows that the long side will always make more money than shorters ever will.
BIG Price at posting:
$3.06 Sentiment: Buy Disclosure: Held