I'm not saying a sell off is gonna happen for certain, but I definitely think that $PROG holders will have their conviction tested harder than ever. Power hour is coming and the volume is still lowest it's been in weeks.
The following is absolutely not financial advice...
Market makers and shorts do NOT want these calls in the money. They will try very hard to force the price down hard today and next week.
There are 25M shares on the call chain here. That's over 20% of the float.
This is the time to hold and hold strong.
A few million dollars in buying volume next week can push $PROG to unbelievable highs if the #Proglodyte army pushes together.
Friday is the time to load up on options, and MONDAY is when the bullish momentum can hit hardest.
NO shares to borrow.
Util 100%
SI 35% of FF
I cannot tell people how to trade.
I cannot tell you what to do with your money.
I can only describe the possibilities if certain factors play out... so here it is...
If 90,000 players spent $1,000 each on $PROG stock Mon morning, that would equal 30M shares at current price
This is the amount of shares I suspect would be needed to be bought to create the volume necessary to create a supply crisis for market makers and simultaneously drive the price high enough to cause the gamma squeeze.
If the momentum gets started though, HFs will jump in.
It looks like a lot of money until you see how many investors are playing this market and this stock, even just on Webull alone.
If the price starts running toward $4 again, that's all it will take.
This is what I'm doing with my money. You do what you want.
The FUD will be strong.
Diamond handed 🐸s must be stronger.
This is the best chance for a gamma squeeze if retail holds and slams the ask like a freight train. This is how retail fights the corruption of the stock market.
I'm holding through to expiration no matter what.
Good luck to all of you.
May the odds be ever in your favor.
Let's
Fucking
Go
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$BBBY might actually be a very real, very powerful squeeze opportunity of a combined gamma and short squeeze. This thread will unpack the opportunity and analyze the charts, ortex data, and options interest in Bed Bath and Beyond.
This is an opportunity, despite the bankruptcy
As always, none of this is financial advice. There is absolutely no way of knowing, predicting, or accurately forecasting market volatility with any degree of certainty.
Please make sure to perform your own research to understand the risks, and exercise proper risk management.
If you want the video version of this, here is the DD I put out recently that discusses this opportunity; however, it does not include the Ortex data. For that, please read on.
I think it's extremely hard for Finra to justify its actions, but we need to acknowledge this has happened before with no consequences...
- $SPRT war flashbacks -
The problem is, class actions and lawsuits take many years... $MMTLP investors have a very big fucking problem NOW.
The situation with this forced sale of $MMTLP and extraordinary halt by FINRA is going to force everyone's shares into settlement, which will force them to transfer to a private company.
You can't sell them.
However, this is a taxable action, so... this is gonna suck but...
For those who are unaware, Congress and the White House are terrified of a rail union strike because it would cripple the US economy and cause transportation/logistics to break down.
Despite that, Union Pacific refused to grant additional paid time off for workers.
In response, The White House has made it illegal for rail workers to strike in the face of what it calls a national emergency.
The Union Pacific Railroad has the money & resources to grant these benefits but refuses to do so out of greed, not necessity. time.com/6238361/joe-bi…
I'm going to clear up something regarding $AMC's share dividend and the fears about a "dilution" through an equity merger.
This will be a bit lengthy.
While you might argue that it is "dilution", what you fail to realize is that @CEOAdam is giving you all a gift of free equity.
If a merger between the preferred shares happens, it will because apes voted on it.
Here are the pros and cons we should consider...
First, $APE is a new equity which is separate from $AMC, tied together only by the value of the company.
They are priced separately.
By itself, $APE has no bearing on $AMC's value, but it *does* offer a separate dilution option for the company that has nothing to do with synthetic shares in $AMC.
It literally has no effect currently.
But if AA can sell those shares, the company can use that cash.
Just a reminder of this thread where I highlighted the last time $BBIG barcoded like crazy before it hit a liquidity pool about 10% below it's average price on the week and then took off for the stars within 30 days.
$BBIG has more than 250,000 call options hidden in the options chain with the potential to expire ITM and put unimaginable pain on market makers and the shorts who have beaten $BBIG into the dirt.
For context, 257,640 calls is over 25.7M shares, or 20% of the total Free Float.
Market makers have been anticipating $BBIG would not survive this beat-down, and have been dictating the price on these options as worthless for the past month to convince retail to sell for pennies on the dollar.
In driving the price down so far, they've created an opportunity.