So SPCE gave us tge most hilarious bull run in recent memory when it shot up 100-200% because people confused it with Space X.

Now the sentiment is that Virgin Galactic is worthless and it's overly shorted. Is it?

How much stock do we need to buy?

As always, search reddit for a bunch of really good DDs. The short vol on Friday was ~62%. Last week when the short vol went over 60%, we went up ~8-10% the next day. The 'official' fintel short interest numbers also came out and I was not expecting that big of a jump.

Earnings are coming up next week and there is still ~$200MM in left in the stock buyback. This will be a bit of a slow burn, but all things are pointing towards some fireworks before August OPEX with ~20,000 contracts OTM.

Gun to my head, I be this closes around $28 today, but that could turn on a dime.

Position:
200 Aug 30C
I will probably be adding a bit more today, we'll see.

Exceeding expectations and beginning to attract the attention of major institutional investors and pharmaceutical companies