Interestingly, our mystery buyer has reset his order at 48.5K...

Interestingly, our mystery buyer has reset his order at 48.5K rather than the usual 50K some maybe he's just about finished his accumulation.

I've gone back through the trades since late july and there have been (if I include the 48.5K he's currently trying to get) 1.543 million options sold at 16 cents. If we were to assume that a couple of these trades weren't him (there is one trade of 3K and a number at 40K) it would appear that he is building himself a portfolio of 1.5 million options - $240,000 worth.

All he has to do then is find the $375K to exercise them - probably not a real problem considering he's pent around $250K buying them.