Unusual Options talks?(6.8)Is Short squeezing coming?

June 8th, the market showed an unusually strong performance, mainly due to the initial jobless claims exceeding expectations, which significantly increased the probability of a pause in interest rate hikes in June. Additionally, with no major macroeconomic events this week, the market is awaiting next week's CPI data and the FOMC meeting to set the tone. As a result, many bears proactively liquidated their positions, leading to a "short squeeze" market.

Major tech companies experienced a certain degree of rebound, and $Tesla Motors(TSLA)$ continued its push towards new highs this year after breaking through its previous plateau. Unusual put options activity was observed on June 7th, with a significant number of deep out-of-the-money put options. On June 8th, there were also some large put options on Tesla, with increasing strike prices.

Here are some notable instances of unusual options activity: $Golar LNG(GLNG)$ , a natural gas shipping company, has performed relatively well due to the impact of the Russia-Ukraine conflict on Europe and inflation expectations for 2022. The company's valuation is currently not considered high, but there is still a risk of further decline. The far-dated call option for January 2024 seems particularly bold, implying a bullish view of more than a 50% increase. This behavior resembles that of some aggressive or insider investors.

On the other hand, $SoFi Technologies Inc.(SOFI)$ , a fintech company providing student loans, received a boost after the student loan subsidy was temporarily suspended due to the debt ceiling resolution. As a result, funds flowed back into the company, and its stock price nearly doubled in just two weeks. The large put option at $8.00 has a significant speculative component.

$Carvana Co.(CVNA)$ doesn't need much explanation, as it has been subject to short squeeze pressure, accompanied by various unusual options activities. Other stocks being targeted for short squeezing include $Beyond Meat, Inc.(BYND)$ , $Cassava Sciences Inc(SAVA)$ and others.

As for $GameStop(GME)$ whose CEO was recently fired and immediately the stock attracted speculators, a 21-day call option with a strike price of $22.00 has been observed. This means that the option holder can break even as long as the stock rises back to $23.30. Considering the volatility of GME, this could happen in an instant...

Other unusual options activities that appear to involve selling put options at low levels include $Target(TGT)$ (since it has already experienced a significant decline and inflation seems to have peaked) and $Boeing(BA)$ (as its business recovery continues to improve).