ma gon
OP
Stirling
:
They need to get out sooner or later They would prefer the price to be at this level and thus They can rebuy without any squeeze The problem seems to be that yesterday's shorts were at 2x normal trading volume on pdd, so can assume it would be hard for them to close without affecting the price
Stirling : If the price goes up, does it mean the outstanding short position will need to cover ?
ma gon OP Stirling : They need to get out sooner or later
They would prefer the price to be at this level and thus They can rebuy without any squeeze
The problem seems to be that yesterday's shorts were at 2x normal trading volume on pdd, so can assume it would be hard for them to close without affecting the price
Stirling : I bought some call options yesterday. Ready to get out when it goes up.
ma gon OP Stirling : I hope you bought them itm, they will be decreasing IV thus value will depreciate all else equal