If they thought 70c presented value then they could exercise anyway. Wouldnt really matter if the intrinsiuc value was only a few cents each. On another note, if those with major short positions cold underwrite those options it would be a good way to close out their position. A tough assignment to do on market without popping the sp.
All IMHO only
Good luck to holders.
If they thought 70c presented value then they could exercise...
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