Alagu
2021-09-07

$Vinco Ventures, Inc.(BBIG)$ 

The calls that were open are already closed. By the way, the calls that were bought are all ITM. EX: 5 call, 4 call. So no hope for a gamma squeeze. Dont hold false hopes.

Volume is fading. Call openings are fading. The big institutions are out. Now the retail will bag hold as the wave sweeps them away.

Doubts? Look at the leftside of the chart. The path of least resistance will always be taken. There is a lot of resistance above 10, little support above 6.

As of now, there has been little institutions massively buying puts, which shows that either the move will be a slow fade (the kind where not even shorts are interested) or may continue to trade range/sideways.

SPRT still has a lot of occassional OTM call openings so the hope for a squeeze is still there. But still not enough for a massive squeeze.

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Comments

  • kvlyc
    2021-09-07
    kvlyc
    but short interest is still extremely high
    • Alagu: 
      doesnt matter if the shorts are sitting above 10 and you cant even close at that level to begin a squeeze
  • Leefh888
    2021-09-07
    Leefh888
    means no hope on this stock, can sell off?
    • Alagu: 
      must close above 10.
  • ok3333
    2021-09-07
    ok3333
    bullcrap
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