Not entirely meaningless but the analysis has to be targeted..


Meanwhile anybody else noticing the rise of the option play that has been going on for a while? It seemed very few were offered when the exchange allowed them but there have been quite a few significant options for sale here and there (batches of 20, 30, 50, 100s!)

I would wager they are coming from an individual that has thousands of share, for whom controlling the level of the market is not overly difficult. If you do wander down the option path, understand that the type of behavior seen as today (big push down to 3.9 before divs) is exactly the type of play someone with a lot of money or shares can pull (there were few shares that needed to get bought to push the price down)
Always look at volume, and option is a game where the other trader has an incentive to artifially play against you.