@earvinburnin Sorry that I don't have better screenshots from that time. Back when I was talking about SPRT, I pointed out its call options chain had, combined from $0.50 to $12 strike for 9/17 expiration, a grand total of 200k calls ITM. Back then, this was more than the entire float.
@earvinburnin This doesn't mean that $BBIG can't squeeze, but it does mean that $SPRT's squeeze was tremendously rare. I've never seen a company's entire float ITM in calls before.
Right now $BBIG has 20% of its float ITM right now with another 20% above $12.
Right now $BBIG has 20% of its float ITM right now with another 20% above $12.
@earvinburnin But there is something you should know. More calls were bought in a single week when $SPRT was trading at $12 than in the past 3 months.
Over 100k of those calls were bought only days before it squeezed.
The same thing can happen here if Market Makers are dumb enough twice.
Over 100k of those calls were bought only days before it squeezed.
The same thing can happen here if Market Makers are dumb enough twice.
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