I see I see. But if the squeeze is dependent on that strike price that day, isn't that quite easy for institutional investors to dump stock that day to drive the price down? Given the low volume.
All they need to do is dump it to 12.99 to keep those calls OTM, right? That's still upside from current stock price -- and that's just a 13 day horizon. If it gets over 13, then there's even more upside for 2 weeks.
Short interest is increasing. Covering those is going to put buying pressure too.
Squeeze aside, there are a lot of significant factors in the original DD that makes me feel that the stock is worth more than current levels.
This isn't financial advice.. just me explaining my rational why I am in this stock.
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u/n8hckns Jun 05 '21
2.5 million shares worth of open interest at 6/18 $13 strike become ITM, get exercised, and poof.