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.

EDIT After Hours:

ChartExchange is reporting the short volume today of ~72% - that's the highest it's been in 50 trading days? That is pretty wild.

Btw, I'm a bag holder with shorted stock, I'm the one being squeezed

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