Long
$MMAT Goes to the Moon?
Closed at $2.16, a 30% run in a single day
Peaked at $2.27
Volume: 67.5 million
Hoo, boy, what a wonderful day for MMAT! We're in a short week with a holiday, so I would temper expectations. My guess is they'll have a really difficult time getting us under $2 again, but all of those contracts that will be ITM should help to push us up even more going into next week. The likelihood for a gamma squeeze is really in the January monthly contracts. Go look at the OI. It's juicy. Sustained buying pressure taking us about $4-5 going into January could be devastating.
Peaked at $2.27
Volume: 67.5 million
Hoo, boy, what a wonderful day for MMAT! We're in a short week with a holiday, so I would temper expectations. My guess is they'll have a really difficult time getting us under $2 again, but all of those contracts that will be ITM should help to push us up even more going into next week. The likelihood for a gamma squeeze is really in the January monthly contracts. Go look at the OI. It's juicy. Sustained buying pressure taking us about $4-5 going into January could be devastating.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.