over 1070 contracts July $6 were traded . Some of them were sold at .10 , but most of them were Buys - at .10 and .15 . One big lot - over 400 contracts were bought at 0.10 . Considering that this option will expire in 2 weeks , and stock has very low volatility - standard deviation at .18 - somebody is betting on some kind of news coming between now and July 17 .
it was index fund rebalancing - Russell 2000 and 3000, as well as some less known indexes were rebalanced on Friday. ECYT was a part Russell micro cap index . More likely ECYT was kicked off the index funds due to stock performance, which is a not a big deal - most of these indexes are performance based .
It could explain recent selling pressure for ECYT stock.
agree. new low is coming . Buying interest is close to 0. No news from the company . Short interest is at the highest point ( not by number of shares, by number of days to cover- that's more important ). I'm just curious why so many people on this board so excited regarding this company , and absolutely zero interest from investment community ?