Market makers and shorts know that this options all is the best chance for a squeeze on $PROG. There are hundreds of millions of dollars betting on a squeeze this week.
If we overwhelm them, they can't stop it.
We need frenzy buying unlike anything they've ever seen.
$PROG stock is a low float stock that is primed to squeeze, and I have been spending the better part of the last two months proving it over and over.
This is your blinking neon sign with an arrow to tendie town, as the redditors would say.
Right now, thousands of $PROG holders, many of them #apes, are preparing to squeeze this ticker to unimaginable highs in a combined gamma and short squeeze.
This is our opportunity to make enough funds capable of sending $AMC to the moon.
I know that I'm gonna get tons of hate and flak for this, but I've done the math and only $30M in buying dollars could send $PROG to the fucking moon if it happens all at once on Monday.
The options chain is completely over extended to 25% of the FF, and 35% SI
Almost every one of us, myself included, intend to dump our winnings into $AMC as soon as the stock squeezes.
With a low float of 140M shares, we can easily push the stock beyond $7.5 and cause it's entire options chain to run in the money.
I will be joining my fellow #apes and #PROGLODYTES in liquidating funds and buying every share we can afford in order to squeeze the shorts into submission.
All proceeds go to the $AMC $GME movement.
This small play can create waves that ripple throughout the market
I don't care what the SEC or anyone does to me after this. I'm all in on this play to change this fucking system permanently so that wallstreet doesn't get a day in my future anymore.
Put me in prison for manipulation... whatever. I don't care. Fuck this crooked economy.
I'm asking everyone to turn up in order to change the future of our children and grand children.
This isn't financial advice, it's a call to arms.
I'm here to go to war with wall street.
I'm praying that ya'll will join me in the only way we know how.
The numbers are in for $PROG, and whooooooooo boy is it tilted as hell.
6 Million FTDs on 10/29, and we've been on the threshold list ever since 10/20. T+19 days.
$SPRT squeezed on T+21 days on threshold. Just saying.
This is gonna be a long DD thread. Fuckle the buck up.
TL;DR: #SqueezePROG is looking bigger, badder, and more likely than ever.
First, covering the above screenshot, we see that SI% is 30% even after a net return of 2.13M shares today so far. Shorts are now fleeing the stock as we are running up towards $3.50.
If you missed the space call this morning, we talked about $3.50 and $4 being significant levels for us. $3.50 is the major resistance, but $4 is the target to trigger the gamma ramp toward $7.50, which is obviously what we'd all love to happen.
$PROG Take a look at the difference in the OI on the ITM strikes.
Do you see the lack of volume, and yet the OI dropped dramatically?
That means people exercised their options in massive numbers.
T+2 days from now (Wed), those shares will be forced to deliver. This is bullish.
Image on the left is from last week.
Image on the right is from today.
The FUD factory at InvestorPlace is working overtime.
We are going to #SQUEEZEPROG
Be patient and hold. We got this.
I'm buying shares and OTM calls.
The reason why this matters is because naked calls that get exercised early force the seller to buy stock at market price before T+2 to cover those calls. The more ITM calls exercised before close on Wed, the more shares that have to be bought before Friday.
Posted this back on October 20 after recent options expiration. The details of the charting and price movements should help inform #PROGGERS in order to give conviction to #SqueezePROG
Not really DD, but just some pay observations I made that prove I'm not a complete dimwitted degenerate who only pretend to understand the stock market.
I predicted two of $PROG's major moves before they happened, not to mention the $AMC June sneeze
Do you really have that much hubris that you don't think that retail investors can research this shit too?
If you spent more than thirty minutes moping about having to write something about a stock you didn't know anything about, you'd have realized this company is ready to pop.
You should have noticed that this stock has been shorted by 30% of its free float since it was trading under $1.00 less than a month ago, and that the short reports have continued maintaining.
If you looked at options data, you should have seen the PCR is 0.14 and OI of 250k
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...
This is the hard part for $PROG holders. We are coming to the home stretch. This is when all the FUD, negativity and selling pressure will hit hardest.
It's because we are right.
Shorts are scared.
Market makers are terrified.
And insiders are being greedy.
Here's why...
We were forced below our ascending support trend on the lowest volume candle in five weeks. This was a targeted sale to force the price down as fast as possible. There is nothing but false sell walls above us.
That's because the call options chain is entirely too scary.
67,637 calls ITM
185,060 calls OTM
252,697 total
IF THE PRICE GOES UP BY EVEN ONE DOLLAR, THE CHAIN REACTION OF CALLS ELIGIBLE TO EXERCISE CAN CAUSE A RUNAWAY EFFECT OF GAMMA SQUEEZE.
This is Market makers trying to acquire shares at the cheapest price by scaring retail.