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Institutional hedge funds got greedy and they're getting punched in the gut by retail investors; personally i think it's nice to see. A few comments on the pri
by the_drunkard 6y ago
Institutional hedge funds got greedy and they're getting punched in the gut by retail investors; personally i think it's nice to see.
A few comments on the price action:
1) true short interest is unclear; remaining short-sellers will likely be forced to "buy to cover" over the next few days, potentially driving the price even higher.
2) WSB users invested heavily in call options; "exercising a call" option can also drive price action higher if they were sold a "naked call".
- generj 6y agoIt’s suspected Fridays price jump was caused by your second point: naked call sellers buying shares. The so called “gamma squeeze”. Every single strike price on Friday was in the money on expiration. It’s hard to overstate how ludicrous that is.