RE:ARUN is a wealthy guyArun did not unload all the shares he could, he sold a small fraction of his total. If he thought the stock would never top 90 cents, why did he keep a majority of his shares? Try and give me a logical answer to that, I'll bet you can't. Truth is he expects the SP to be above 90 cents in the future. Exactly when is up for debate. Either way no one would watch half a million dollars go down the drain to preserve a $50k option sale, it's just not logical and disproves your assumption.
FYI....everyone likes cheap options.....people who run companies are allowed to make money off them, it's kinda the point. RE capitalism.