Weekend DD For You Apes!
$AMC Entertainment(AMC.US$
OK, I'll point out an interesting correlation between number of short shares returned, FTDs (Failure to Deliver = naked shorts) and the huge price jumps:
OK, I'll point out an interesting correlation between number of short shares returned, FTDs (Failure to Deliver = naked shorts) and the huge price jumps:
See what happened on 2nd June, the huge price jump from $30 to $72? 2.7 million FTDs were due to be force bought and returned after T-35 days, and combine that with FOMO and 30 million short shares returned and you get the picture.
Fast forward to this Friday, when price jumped from $32 to 39. About 7 million short shares were returned, but that still leaves 75 million left.
And what's the current FTD levels reported by SEC for June? Here it is:
Now, what happens to the price once T-35 hits for all those huge FTDs too? Yummy price spikes, FOMO and forced short covering due to margin calls, and we still have 100 million shares on loan with 75 million shorted!
Have a good weekend, do not set dates and HODL.
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swan21 : You need to have big heart to buy and sell this stock
Dirtman : The FTD for this stock is ridiculous especially 2 weeks back when 400,000 call options were in the money. From that week on based on price action, there is no way those all have been hedge for and delivered with the added on itm call options. Can always wait for T-35 to know what will happen. I am looking forward to it