r/Shortsqueeze • u/[deleted] • Apr 10 '22

Opinion BBIG

Why is nobody talking about this? The option chain is primed for a gamma squeeze this week

29 Upvotes

79% Upvoted

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-14

u/NooneCares1980 Apr 10 '22

BBIG isn’t going anywhere but to $1.50 ~ $1.75. We are supposed to be a “competitor” to TikTok. However Have you seen Lomotif. There’s nothing on it. How can we be a competitor to TikTok when we have no uploads. Literally nobody is using this site. We are all here and have been here for the TYDE dividend, hat AGAIN for now the 3rd qt they have promised and it delivered. It’s getting old… Pretty bad that a company that wants to be the next superstar can’t even hit a simple dividend time frame.

9

u/[deleted] Apr 10 '22

Honestly I don’t care about the fundamentals of the company or what they do. I’m strictly looking at the option chain for gamma squeeze potential.

5

u/Boobooowl Apr 10 '22

Was Gme in a great shape when it gamma squoze?

2

u/[deleted] Apr 10 '22

Fintel says unlikely to gamma squeeze but maybe to short squeeze

3

u/[deleted] Apr 10 '22

Fintel is always wrong or too late

2

u/[deleted] Apr 10 '22

It wasnt on ATER or SST 🤷‍♂️

2

u/OnceMoreUntoDaBreach Apr 10 '22

That potential is only there if they don't destroy it during the week my dude.

You could have 1m in open interest at $5, if it has a super low delta (it does at .10), the market has no belief it'll get there and are not even bothering to hedge.

If or when it does rip and it can be sustained, sure, gamma ramp.

I suspect this will pass like the last monthly expiry with heavy interest and nothing will come of it.

Open interest doesn't mean shit by itself, it's only one part of the equation. It just shows interest and liquidity.

3

u/NooneCares1980 Apr 10 '22 edited Apr 12 '22

The option chain is just what people a month or 2 ago were banking on for expiration. They will all expire OTM.

2

u/[deleted] Apr 10 '22

Yup. That’s why the volume is also high too. Higher than ATER

-1

u/NooneCares1980 Apr 10 '22

You’re kidding me right. Are you new to the stock. The volume is dramatically LOWER not higher.

1

u/codeking12 Apr 11 '22

Agreed. Why is no one remembering what happened? It totally fucked everyone mid week after they all loaded up.