I've been scouring Unusual Whales, IBKR, Fintel, FINRA, and SEC data. Essentially, $10 needs to hold for MM delta hedging pressure. As we approach June 18th, gamma squeeze exponentially increases. The next 5 trading days are huge. I'll keep it short and point based:
* Short interest: 3,544,182 shares (40% of float)
* Borrow rate: 159.72%
* Shares available to borrow: 20,000-30,000
* Two coordinated attacks (June 2 and June 10) both fully recovered same day
* 753,848 shares of mandatory delta hedging already held by market makers from 22,512 open call contracts expiring June 18
* Every $1 price increase forces 154,000 additional shares of MM buying that 25,000 max borrow cannot counter - **delta hedging**
* June 12: 36,401 confirmed SEC FTD shares due (T+35 from May 8) = last day to buy for dividend
* June 15: 102,669 estimated FTD shares due = same day May 15-31 FTD data releases publicly and $0.05 dividend goes ex - **33.7% of average volume at open**
* Short sellers owe $177,209 in dividend payments on shares they don't own, paid over a weekend when they cannot act
* June 18: Options expiry = $10C (5,392 OI) and $12.50C (4,067 OI) = gamma reaches 813,591 shares per $1 move at expiry - **gamma squeeze**
NFA, DYOR. Claude did grunt work, I wrote this myself.