643 million shares
\-193 million shorted as of July 1 (per Ortex, check Reuters or yahoo finance article - won’t know until the next finra publish)
\-100 million locked in index funds?
\-110-130 million locked in calls
\-10s of millions still under calendar restriction for anti ipo flipping policies (assuming most people didn’t want to take the restriction)
Napkin math says we could be at 50-60% or more of float locked up. Yes the owners of the shorted stocks can sell but they would trigger a buy from who they lent it to if no shares are available to loan and fill the gap.
So we either see an epic squeeze this week or next, especially if there is good news catalyst or fear wins, dumps continues, shorters make millions.
Is it just a coin flip at this point?
Even if only 175 million shares are left to free trade, it doesn’t seem like it takes much to tumble in either direction.
Fat fingered my sell order for short calls at the close today. Either a blessing or a curse. Here’s to lots of coffee and praying for a good open.
\*\*\* the market fought tooth and nail today to keep the stock away from $150 (7/10) which says to me there was significant downside risk for enough big players if it went above (market makers/brokers/shorts). Momentum was able to briefly carry it to $149.50 but the rise got smushed quickly and kept at a safe distance all day. There was not enough moment to cover the defense.