These are TWO possible scenarios:There seems to have been a...

These are TWO possible scenarios:

There seems to have been a single buyer for about 500k options who seemed quite desperate to get his fill.

Either selling 500k shares & replacing with options thus freeing up about $60-70k.

OR

selling 300k shares at an average of 30c & replacing with 500k options, dollar for dollar but now having an extra 200k pieces of paper.

Yesterday was the perfect day for such strategies because it was much easier to get hold of a line of options.

A final possible scenario is that one of the larger shareholders who prefers to remain below the 5% threshhold prefers to start accumulating options.

I think we will start seeing more share/option switching happening in the ensuing weeks/months. Naturally, you would only adopt such strategies if you are bullish about the stock.