They would like to get it as close to maxpain as they can but they may not have the clout left to move it at all. It looked like they may have shot their wad first thing this morning. If the game wasnt rigged they wouldnt be allowed to buy or sell any regular shares. They may be up against Morgan Stanley. Others know much more than I do on the subject. Google maxpain chart and you may be able to find the graph on maxpain.
$6 is the price where the option writers dont have to pay-off either the call holders or put holders. I believe the writers hold a certain numbers of regular shares so they can sell them near the close on option experation day to cut their losses if the price is high and buy shares if the price is low. Ive seen stock prices settle to the maxpain price to a penny many times. 80% of all options expire worthless. Lets hope the writers are out of ammunition.
Maxpain is the balance point between the option calls and puts. Its a point where the option writers dont have to put out money on either the calls or puts. Most always the option writers will buy or sell the stock to manipulate the price to maxpain. Im worried they will do this today to try to move the price closer to maxpain.