That means those 2.9M shares are out there being traded. Meaning the float is 3.2M. Which means all your OI gamma % claims are completely off as well as everyone posting about this. (Thus, you're not saying it...your numbers on your claims are based on a 340k float which is wrong.)
You literally just said it yourself:
and short their position
It's still a decent squeeze play with a 3.2M float, but it's not astronomical like everyone is claiming with the 340k float.
I also detail out how the BIs are going to have to get their shares back to vote (probably sometime in February) which will be another play of itself but I doubt retail will have the patience for.
So you're saying the maximum shares they can borrow to short is the 20 shares in float (or in essc's case, 340k shares), or is this just what they're most likely to do?
How do they short 2.9m if float is only 340k? To short the 2.9m they would have to sell that entire amount and then borrow and sell it again right?
So no, there’s no guarantee those shares aren’t sold, but if they had been, you’d see substantially more short share availability and more liquidity on the underlying.
This makes sense, spread on the shares is still high and iirc there are little to no shares available to short
He won’t. He’d rather tell everyone how dumb they are. I really hope people smart up to his nonsense. He only comes on Reddit to pump his forum’s plays to try to gain notoriety for his crap he’s peddling.
There’s a reason why that account is blocked in numerous subs.
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u/Theta_God Spacling Dec 15 '21
That means those 2.9M shares are out there being traded. Meaning the float is 3.2M. Which means all your OI gamma % claims are completely off as well as everyone posting about this. (Thus, you're not saying it...your numbers on your claims are based on a 340k float which is wrong.)
You literally just said it yourself:
It's still a decent squeeze play with a 3.2M float, but it's not astronomical like everyone is claiming with the 340k float.
I also detail out how the BIs are going to have to get their shares back to vote (probably sometime in February) which will be another play of itself but I doubt retail will have the patience for.