03-08-2021, 01:18 PM
Yeah don't buy the options, unless you really believe in the squoze and are happy buying a $600 call or something.
But yeah, I thought it was over when we were at $40 and $50 for weeks. That was the spot for the shorts to cover (at a massive loss) but right now my theory is this:
a)the big boys just cannot accept losing to monkeys, so they never covered.
and/or
b) when we were at $40 the smart people got out but lots of people also shorted because they thought it'd go back to $15.
The short interest is still massive, otherwise it wouldn't have jumped from $40 to $120 in days.
But yeah, I thought it was over when we were at $40 and $50 for weeks. That was the spot for the shorts to cover (at a massive loss) but right now my theory is this:
a)the big boys just cannot accept losing to monkeys, so they never covered.
and/or
b) when we were at $40 the smart people got out but lots of people also shorted because they thought it'd go back to $15.
The short interest is still massive, otherwise it wouldn't have jumped from $40 to $120 in days.