To be fair they may have be forced out of the April and May positions with the dump/short taken by someone the last few days. Someone still has a lot of June $10 options bought higher and I have to believe that a major player believes good news is ahead for PWE either improving operations or buyout.
I noticed that too. Some really funny business going on with the call option buying and I am not laughing. I bought some $10 calls while PWE was trading at $10.5 when there was massive buying in April and May calls. Now a lot of those are gone. I should have known better because I believe this is one of the most manipulated stocks in the market. A lot of fake up and downs by the hedgefunds.