while what you say could be true, please keep in mind the seller keeps the premium if the calls expire worthless. i am more interested in who is selling then i am who is buying. it could have been a condor spread meaning price to stay between a certain range.
I play this every wed and sell at the pop on Friday am. This is how they move cmg up preparing for the big drop on ER. They moved the ER date to feb to get more time to manipulate. Noticed they also just opened up another week of options for next week. This was NOT available until after the announcement. Don't burn UR money longs. This looks very UGLY! I have seen this game on cmg over and over again. Get out at every pop.