Fear and panic from from the option holders is driving the price...

Fear and panic from from the option holders is driving the price down. If you wanted 500k of ksx you can have 580k@ 11.9. $600 cheaper than 12. And so it goes to 10.5. and then 10. The 500k @12 is probably someone that converted and is happy with their 20% return. You normally never have single sellers that big with KSX. Maybe a capper and buying up options because they know it will run later. I didnt have 100k to convert emro.Bought @.008 should have sold @.014 paniced and sold @.004.There was a single seller of 400k emr @21 for the last two weeks before expiry probably bought my options as well. Cheers