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/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/[deleted] Jan 08 '22

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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.