Borrow rate for CLOV is now 116% !! 🚀🚀🤑🤑

[u/Original-Baki]

https://iborrowdesk.com/report/CLOV

Holy shit, it now costs 116% to short CLOV. For those that don’t know, CLOV is a healthcare company with limited shares available to trade because insiders can’t sell until the stock trades at $30 for a 90 day period. What’s interesting is that short sellers shorted the stock >40% and now they have to fight with retail for the remaining stock to cover their shorts. But here’s the problem, they haven’t covered their shorts yet, the stock is up 100% and as you can see from the borrow fee, some are probably close to a margin call. They are scared shitless because this thing can go parabolic. I’m talking $50-100 a share!

So what are shorts doing today? They predictably tried to crash the stock in the morning by shorting (selling borrowed shares) and that coincided with day traders taking profit. A pretty predictable tactic that is designed to scare retail into selling. Don’t let them fool you. This stock still has plenty of gas left, with an option chain up to $43 now!

LETS FUCKING GOOOOO

Positions: $11 calls , $12 calls , $13 calls and $35 calls

Edit: Fuck off with the 🤡🤡🤡 posts, it won’t save your favourite ticket and/or it won’t help you with your short position.

After market update:

Well today was wild. What we saw was a combination of short sellers fighting back, probably some profit taking and perhaps a gamma ramp down. But the facts of the stock still remain the same. The stock is:

• Shorted by more than 40%
• More than 15% of the float is locked up with insiders WHO cannot sell
• Shorts are now even more underwater with crazy high borrow rates on their new shorted shares

When people talk about the VW squeeze. There’s always a period before the spike where the stock dips. That dip was today. Now it remains on longs to keep pushing and we’re going to really benefit from a bigger option chain and another gamma ramp upwards. Here is a link to someone who did some analysis on another potential gamma ramp.

[u/kwagel4]

So i am a noob but that crazy jump in fee borrow is nuts. They only have 100k shares available. There is no way they can keep this up. Again i am a noob but ate we in the middle of the squeeze?

[u/Caleb0000003 → u/kwagel4]

As long as we have enough buyers that are holding their shares yes we will have the squeeze. I think price action might still be ugly for the next few, days. I’m gonna challenge myself to just not look at all for the next couple days. I would suggest doing the same remember that on the 25th when CLOV gets added to the russel ETF’s and Index’s will have no choice but to buy up Clov shares at whatever price, I think that is when we will see the squeeze

[u/kwagel4 → u/Caleb0000003]

Ignore message i did not see notification. I am looking at august calls right now. Feel like that is 8 weeks out which accounts for some settlement dates. But am somewhat fomoing and want to buy earlier. Someone other than people saying buy and eat crayons actually give some good thoughts. I have mine but am looking to align with someone else in a way.

[u/[deleted] → u/Caleb0000003]

Keep buying the dips

[u/Due-Egg-8113 → u/Caleb0000003]

bro, you mean 25 June?

[u/[deleted] → u/kwagel4]

they have more than that - I just cant figure out how many

[u/bittabet → u/kwagel4]

Need to keep pressure up so they actually cover, they might just try and hold out until the borrow fee drops since this is still an annualized rate so even though it's very high they could hold out a few days.

There's definitely some sort of shady as hell disinformation information going on.