It was very possible the first time. If you do the math on the shares short, the call options written and the buying frenzy versus the share count.Had the brokers not pulled the tricks. There was virtually no way to stop the squeeze from exploding to extreme levels had some of the options been exercised it could have been mind boggling. Today was much the same but in a smaller magnitude. Obviously some of the shorts got smoked again today. Think of the number naked calls and you can see why. Hopefully some of the bagholders from the last round will GTFO. I'm not in and don't plan to be. I still have my 1 souvenir share.
If I BTO 100 calls say 80 strike 2/26 they were ITM and somebody would have to BTC to close the position. Chances are most were written naked, just a small example. Gamma squeezes can be mind boggling.
Got my 10 shares at 49, imagine my surprise today! After hours was NUTS. I'm really interested to see what happens tomorrow. *I was really happy to learn Roaring Kitty bought more shares a few weeks ago so this may be a lifetime hold for me. Who knows?
The news was the CFO leaving, right before ER. Of course it went up. Also, Conan O'Brien bought some.
Ah, so some spark to the rally at least. I hope everybody that got trapped +$200 is getting out this time! The stock gods have granted them a second chance!
