🎉HAPPY NEW YEAR!🎉

Unimpressive right, hang on. This is a Blank Check Company so basically it is a stock of nothing seeking an acquisition target (in this case in the financial sector) but that is not important,  the point is not to own the stock, the play is forcing someone else to. But how?
below are the technicals, look at the shares floating (in yellow) and the 52wk high (in green) which was on Dec 15th

Now below is the Options Chain. 👀Look at the options Open Interest and Volume those represent 100 shares each, anyone else see a problem? if not let me help. 153 contracts= 1,530 shares owed. 8,073 contracts= 807,300 shares owed, 15,423 contracts = 1,542,300 shares owed (look back at Shares Floating)

Now let's explain Delta and Hedging (again I'm not going to explain how they function just that they do). Below is the option chain again but look at the Delta (green). For this simple example just know that delta is the percentage of shares the holder of that contract SHOULD posses (based on percentage of ending ITM). So as the price goes up the seller of that call needs to purchase more shares. Look at the 12.5c it should be hedged at 48 shares currently, but what happens when the seller needs 95% of 1.5 million shares???? They have to buy them out of a tiny float, that is the Delta "squeeze"
The Gamma "squeeze"- look at the call ratio (yellow) 97 to 3... Why?. Simplified gamma explanation; the more options traded the more the price fluctuates (this is the rabbit hole). The more calls traded the higher the price goes (with lots of math and exceptions. The most important being ITM calls=higher stock price, OTM calls=lower stock price, ATM= little/no effect).

ESSC spiked once on Dec 15th for this very reason and is setting up to do it again. This time stronger. The green question mark on the chart below is showing we are not overbought and have room to run up

How this works:
The higher the price goes =the more shares the sellers of call options need to buy, and there are more call options than shares available.
The more In The Money call options bought =the higher the price goes=the more shares the MM's need to buy. That's a lot of buyers and a tiny float.
How to make ?
Simple: Buy shares or In The Money calls! but why ITM? because ITM calls force them to be hedged immediately.... Why not buy OTM calls? Buying OTM calls lowers buying pressure, it has a negative effect on price and also kills momentum... Good Luck to all