• cpfhornet [she/her,comrade/them]
    ·
    edit-2
    4 years ago

    Holy shit if this is accurate this could go on for months unless the state interferes (spoiler: it has to)

    Basically, there are puts set to expire every friday at insane losses and insane volume, each essentially triggering its own short squeeze which will make the next one that much larger. I'm not the most learned person on this matter, and this is speculation, but this looks like some serious shit we're gonna see this whole February.

    EDIT: Also, the reason this did not happen this past Friday could be reasonably traced to Robinhood forcing a direct selling from retail traders to the hedgefunds only, so as to cover their shorts for last Friday in time. However, if they are to avoid a short squeeze, they would need to repeat this or do something similar every Thursday, which will be interesting to see I guess.