It could be that people don't like their most recent Cape contract.
This stock doesn't trade on fundamentals. If somebody wants the stock down before Friday, they will just sell a load of naked put options at market price. The stock will drop a dollar in 90 seconds while you are running around looking for news.
$31K certainly beats the $24K they got a couple months ago, and they still don't like what GNK's getting. Everyone says GNK's significantly undervalued and it still won't go up. Beats me as to what the problem is.
There is a huge disparity between the number of $17 calls and $17 puts. There is a big brokerage firm or hedge fund that sold those $17 calls. They don't want to pay if the stock goes up so they will hold the stock down until Monday when the options have expired.
You could see the other day that those $17 call options were too cheap for $.25, and now they are only $.10.
This is one of the most manipulated stocks that I have ever watch trade, but it isn't a good stock for your typical retail investor.