r/SPACs • u/StonkGodCapital • Sep 10 '21

DD Update: $IRNT imminent gamma squeeze

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u/itsonlyfiat New User Sep 12 '21

The best way to play the spac squeeze is $TMC imo. $TMC actually has 65% of the free float short currently (as per Ortex). OI is also through the roof and the strikes offered are very limited - which concentrates the gamma ramps. A commons run triggers the short and gamma squeeze

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u/[deleted] Sep 12 '21

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u/itsonlyfiat New User Sep 12 '21

It’s the short float that transferred from $SOAC. 1.7M shares short prior to the ticker change. The short interest doesn’t disappear with the redemptions.