Over the last two days Accuray has surged almost 20% driving the Mar 5 Puts down to .10 Bid and .25 ask. This would be good for at least a 50% profit if you picked up when recommended previously. I cannot find any news supporting the increase in price and volume but that doesn't mean there aren't any share exchanges or other instruments coming due or available to institutional investors or other firms.
I'm not convinced enough yet that this is pumped from such exchange so I may be looking at buying some puts for a quick pull back and then turn around and sell the 5 strike again. If we get that lucky.
Let's keep watching this one...
Happy Trading...
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