Just because I'm early doesn't mean I'm wrong.
Just tested the descending downtrend. A full break tomorrow should be confirmed shortly. A rejection would mean a retest at the end of next week.
Some other interesting info.
There is 4 million shares in way OTM puts expiring next week. These are opened under 30 dollars. These are rumored to allow hedge funds to not have to deliver FTDs right away.
In theory these will be unable to be rolled again as some recent DTCC rules have put a stop to this practice.
there is another 38 million shares in way OTM puts expiring July 7th, and another 15 or so million expiring Jan 2022.
So possible short exposure of at least 60 million, on a stock with a 30 million float.
Just some food for thought.
Hang in there.
Some other interesting info.
There is 4 million shares in way OTM puts expiring next week. These are opened under 30 dollars. These are rumored to allow hedge funds to not have to deliver FTDs right away.
In theory these will be unable to be rolled again as some recent DTCC rules have put a stop to this practice.
there is another 38 million shares in way OTM puts expiring July 7th, and another 15 or so million expiring Jan 2022.
So possible short exposure of at least 60 million, on a stock with a 30 million float.
Just some food for thought.
Hang in there.
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