CVM; Possible break of pennant into Gamma Squeeze
Disclaimer
Not financial advice, blah blah blah.
Looking towards the end of current pennant into a gamma squeeze...
Options for 8/20 look like a massive gamma at 10 possible, with another big jump at 12.5 and 15. We could see a massive impulse up with intense gamma pressure from ~1.2 million shares in calls at 10, and another ~700-800k between now and 20.
All that with a massive short volume with a tiny float as is. State Street bought a ton more on the dive from $25, could be seeing institutional investors be buying up for the inevitable FDA approval into acquisition.
Not financial advice, blah blah blah.
Looking towards the end of current pennant into a gamma squeeze...
Options for 8/20 look like a massive gamma at 10 possible, with another big jump at 12.5 and 15. We could see a massive impulse up with intense gamma pressure from ~1.2 million shares in calls at 10, and another ~700-800k between now and 20.
All that with a massive short volume with a tiny float as is. State Street bought a ton more on the dive from $25, could be seeing institutional investors be buying up for the inevitable FDA approval into acquisition.
Freaking hidden resistance lines! I wish I could update the idea chart!