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I agree it does not feel right. Maybe some profit taking or people just being scared.
Its not people like us selling, MM's manipulating ....Approval chances are great, since this is nda resubmission, plus fda also extended 3 months.Has excellent chance of getting approved.Last time when they received CRL the price was around 10$, Now atleast if they can take it in $8 range will be great.Where are these analysts, so projections / predictions or proce target changes etc.Plus also PLX isn't a great options play. total option 's volume for april is less than 1500. peanuts $0.05 cents - $0.10 cents options.
Why would you play the April Calls? They expire on the 20th... not too much time left and its before May 1.