as long as this finishes above $20 on Friday it will continu...
$Bed Bath & Beyond Inc(BBBY.US$ as long as this finishes above $20 on Friday it will continue to run. There are approximately 20,000 open call contracts with a 20 strike in the money for friday (thats not counting anything below 20 or above that may hit). There will be millions of shares due to accounts on Tuesday/Wednesday next week that are just not available. The float is around 68mil shares, take into account institutional ownership it’s probably more like 20mil-30mil available per last SEC filings. That number has been bought multiple times over during this week and prior weeks. Now add that amount in open call contracts and that is how a gamma squeeze takes off.
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razo2 : more YOLO youngsters to join the squeeze
70790164 : 50k @ 30 put in Friday
Keithmerel21OP 70790164: Puts can be bullish too. If someone is selling puts it’s a bullish play
Keithmerel21OP Keithmerel21OP: Figure about 70% of the call side is bullish (calls can be bearish too) and 30% of ours are bullish. Just a rule of thumb to not get in your head that all of them are on our side.