There are three levels of shor

snixy

03-12

There are three levels of short squeeze occurring on HIMS.

$23 (Done) - This was the first major resistance after the news rebound.

When $Hims & Hers Health Inc.(HIMS)$ holds above $23, it confirms that buyers are in control.

Shorts start to feel pressure because many opened positions below this level.

$25 (Done) - triggers the gamma squeeze.

Closing above the 50 DMA and a heavy options strike price regardless of call or put.

If $Hims & Hers Health Inc.(HIMS)$ stays above $25, market makers must hedge call options.

Market makers buy stock and the gamma squeeze begins.

Shorts start covering.

$28 — triggers the full short squeeze.

Many shorts likely placed stop losses once it breaks $28 and will rapidly move towards $30-32.

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