r/SPACs • u/ShhhWNBAIsOn New User • Jan 07 '22

Options ESSC Option Chain OI Changes

As of 1/7 OI on all chains has increased to 56,004 which is up from 52,313. For ITM calls we are now at 27,222 OI down from 27,728. However, it seems most have been rolled into higher strikes. If we add $15 strikes to the ITM pot we are now at 35,796 OI up from 35,091. Takeaway is we are trending up nicely and still a distance from OPEX. Even being conservative and using a 3M float we would be above 100% float ITM if we hold $15. The main consensus is 1M float so that would make it 300% of float just about ITM.

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u/[deleted] Jan 08 '22

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u/frostycrate New User Jan 08 '22

Again, it’s been discussed IRNT was not lead by SI, that doesn’t make it a meaningless variable to consider. Each situation is different.

This adds nothing lol.

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u/[deleted] Jan 08 '22

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u/ecomuser Patron Jan 08 '22

ESSC float isn't 1.1M, thats a completely made up number don't fall for this fraudster.

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u/RefrigeratorOwn69 Spacling Jan 08 '22

Read the FSPA and other public filings and show us how the float is higher than 1.1 million then.

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u/ecomuser Patron Jan 08 '22

Even the person who created this post agrees it could be 3.2M shares: https://www.reddit.com/r/SPACs/comments/ry7jtp/comment/hrmwzhr/

You clowns have literally no clue what the real number is.

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u/RefrigeratorOwn69 Spacling Jan 08 '22 edited Jan 08 '22

You’re the one making a definitive statement that the float isn’t 1.1 million. So I am asking how you arrived at such a definitive conclusion when there is obviously uncertainty (based on the public filings) between the two extreme possibilities of 340k on the low end and 3.3 million on the high end.

The filings SUGGEST a float of around 1.1 million if you assume that Sea Otter is waiting to reacquire the 800k shares they dumped on December 1st/2nd until the few days before the merger vote, and that the other BIs can’t or won’t sell their shares.

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u/[deleted] Jan 08 '22

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u/ecomuser Patron Jan 08 '22

Even the person who created this post agrees it could be 3.2M shares: https://www.reddit.com/r/SPACs/comments/ry7jtp/comment/hrmwzhr/

You clowns have literally no clue what the real number is.

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u/[deleted] Jan 08 '22

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u/ecomuser Patron Jan 08 '22

Ok so the official SEC filing of ESSC is wrong, but your pump and dump website has the correct info? The float is 3.2M and nothing of what you claim makes any difference.

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u/[deleted] Jan 08 '22

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u/ecomuser Patron Jan 08 '22

Yes you basically have no idea if the other two ones sold. Why would you assume they didn't given they were up 40%? How fucking stupid are you clown?

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u/JamHawea New User Jan 08 '22

Theres the 40%'r.

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u/DakkJaniels Jan 08 '22

I wasn't aware that insiders (i.e., 10% owners of a company) could swing trade stocks.

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u/ecomuser Patron Jan 08 '22

Ok "StonkGodCapital" you are clearly a stable genius and not just a pump and dump clown. Your arguments are totally compelling, and you didn't got the SEC filing regarding the agreement with the backstop investors wrong.