This my friend is how the big MM play. They are covering and taking big positions. This is organized buy/sell. I would love to know what would they do on Dec 11. Hold or Sell. I have 7.5 call options, I hope it will stay.
Here is my ignorant prediction: The seller will dry up as Dec 10 approaches, it will go up to $7.75. On Dec 11 it will go down to 7.25 and then it will resume the slooow higher trend to $8.
PS:My predictions are usually 85% wrong, if not I would be a millionaire.