Today EXAS has traded above $5.00 making the call option in the money. It closed the day at $5.04. The volume was over double the average for a total volume today of 744,000.
The call bid rose up to $0.60. But it is telling that the rise in the stock was 3 times the amount of the rise of the option. This is forecasting the beginning of the fall of time value at an increasing rate as time remaining on the option decreases. Theta is starting to shrink. This regularly happens with 6weeks or less left in an option.
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