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$14 or $15? Tomorrow is important! Let's welcome the Gamma
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CLOV call options

There are:

6,222 strike at $13.50

24,264 strike at $14.00

11,865 strike at $14.50

28,527 strike at $15.00

If we close at $15, there will be total 70,878(just of those strike prices) call options in the money, which means 7,087,800 of shares! Gamma squeeze will follow if we closed at $15.

HFs are scared af today. From the short borrow fees and pre-hour movement, we can see exactly what happened.

CLOV Short borrow fee

They are buying stocks during pre hour and borrowing stocks as much as they can, and dump during the day. That's why we saw the spike this morning, and later saw the price drop. They want to create pump and dump illusion again! But this time we won't fall!

Tomorrow we will see short borrow rate keeps raising, coz they have to keep shorting in order to keep the price below $15 to prevent Gamma Squeeze.

Hold the line if we can.

--------------------

UPDATE:

Thanks Mscimitar and a few other fellows pointed out the mistake on my numbers. The numbers are total volume of options The data is volume, which is the number of times the certain security got traded. The real number of total amount should be lower than that, but still considerable.

Comments

This is wrong. You need to look at Open Interest not Volume. Volume is how many times those calls were traded, open interest is the number of contacts. Also need to net out Puts open interest.

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3 years ago