here is my latest guess, based on those January 120s being assigned this morning. The puts broke even at 71. The MM knows ST it is going over 71.
the September 90s (which would assign at a similar break even price, perhaps a tad lower) either weren't assigned because they are ST, and less prone to the upside that could be coming - or because the shorts are going to do what I have been saying lately - allow a break out, or perhaps withstand a brekout, then hammer PPS back down before September expiration - so the Septembers at one point look like they will make money, and the person goes for the full premium - only to have shares put to them lower than they are today.
So I sold the puts I just bought - at a loss - and will watch.
I am long MNK. I have never shorted this stock. Why don't you hammer the guy who said MNK was up 5% in AH. I was just reporting the truth. I just recognize that this stock is one volatile baby. And MNk does have one big negative going forward. they have a lot of debt. Now I think the company can withstand that as long as they execute well. Always risks/rewards to consider with any stock. Investing is not easy. I have been doing this since 1992, Made some mistakes along the way, but many more winners than losers.