For the shorties out there...why in the hell would you assume a short position when a major player paid 5 million just for the option to buy part of the business in less then 12 days. It's very likely they will buy the 80+ million division otherwise they threw 5 million away. Expect another 30% increase on that news.
I missed the initial run up to 1.38 but bought at 1.46 because that option says it all.
Not necessarily. Its old news. Market may have already priced it in as it assumed ii-vi will go through with it. They have 11 more days to do the deal (ii-vi is a profitable company and I don't think financing will hold them back).