Some Due Diligence For LFVN - Charting, Option OI, Gamma Exposure, OI Increasing Month-over-month, FTD Increases

Hope everyone had a good night. Here's just my thoughts on some things that I find helped me with my stance and motivated me today even in the sea of red.

First of All lets just go over chart structure real quickly. I think a lot of people are seeing the ascending triangle and I certainly agree:

[30 min candle interval](https://preview.redd.it/osqe3bgvsd6h1.png?width=1806&format=png&auto=webp&s=25cf6df384477faa728a14e5339805183451a7df)

I would say LFVN is still bullish for now on structure but we need to start retesting that $11 mark to continue our pressure upwards.

[Similar consolidation on lower volumes](https://preview.redd.it/qaljyti7ud6h1.png?width=1682&format=png&auto=webp&s=0ef962bb5aa9e537db910783c6e08de23d24d54d)

again, what I see is a cool off of the technical functions after the chart increase we've experienced recently. this Bollinger band overlay shows the same strong rebounding of the 2 SD lower band with sharp turn towards SP. Possible moves to come if volume increases and follows after such consolidation.

Now onto some fundamentals that I've looked over. I'm currently positioned for options to help with Gamma pressure and squeeze ramp, so I will go over that mostly. Below is the 6/18 option chain OI. First thing that opens up bullish is the amount of calls to puts. the ratio being around .20 is massively bullish, especially while adding on the CTB and Still scarce Shares available to borrow.

[OI around the SP and Why $10 really matters.](https://preview.redd.it/r4qkybwsud6h1.png?width=975&format=png&auto=webp&s=8fa91dca9b2f743c76cb956740d61ada835f56fb)

This next metric is my favorite and you'll understand why here soon. Below is the Gamma Exposure by Strike for 06/18. this metric is more for market makers

[GEX or Gamma Exposure](https://preview.redd.it/gffkc74hvd6h1.png?width=975&format=png&auto=webp&s=7bcf7f7a640595e8bc2046286eaba921ecd7193b)

To add pressure to the shorts when calls are purchased, if written through a market maker, they are likely to hedge shares to hedge their position. Example, if you buy a call that is for strike of $7.5 and the chance of it going ITM is 90% chance, that means there's a high likely hood of the call buyer exercising. To hedge risks, this can force market makers to purchase shares to prepare for any exercising of options. This creates a feedback loop of buying which in turn builds up the buying pressure, driving prices higher, thus "gamma squeeze". This helps to introduce buyers from retail and market makers to create multiple sources of attack on short positions. They don't care that there are shorts, but they must keep liquidity and ability to exercise any positions on the underlying.

[Option Chain Volume for 6\/18](https://preview.redd.it/kldrswi0xd6h1.png?width=975&format=png&auto=webp&s=581347509800f0d2f5f9bfa79de3a1bbb3b1d3f9)

TBH I thought that the chains would be looking a lot weaker coming out of Friday's slaughter. You will notice the volume has increased significantly creating some deeper liquidity. OI has increased by 6% from Monday. around 1.8k contracts added in total. which is incredible seeing as this is during a price dip. People are buying these dips. Now, this could be shorts hedging their short position just as you would hedge with puts for a long position but no way of knowing. regardless, the increase in OI is massive compared to just 9 days prior where the OI was sitting right around 8k. almost 20k increase in 9 days.

[Just a visual of the increased OI over the share close price](https://preview.redd.it/1f61rgq1yd6h1.png?width=834&format=png&auto=webp&s=95497e1620741d4367e3796d717ce53a0330a8fa)

Lastly. Here's what made me go OH.

[FTD on a timeline from April to may first half](https://preview.redd.it/c4sbdordyd6h1.png?width=1091&format=png&auto=webp&s=7aa4e9f4ab8c777337ab1945e21ec0b167200df2)

as you can see, the amount for may towards the last data point was increasing. I'm inferring here, but I'm guessing it either slightly tapered, like April or continued onward as this was when momentum was starting to build. The stark contrast from apr-1 thru apr-15 to the next month was shocking. total amounts of shares for each are as follows:

[Total amounts of FTDs in April and first half of may](https://preview.redd.it/ss17ammazd6h1.png?width=998&format=png&auto=webp&s=32ada7bd26815a18956afe81d19db68daaf899f2)

while there were more in April, the trend for may ended on an upward trajectory. Where it is now is only known when next batch releases from SEC. but from all of this I see lots of life in LFVN for the squeeze potential. the score still sits at a +96% squeeze score on multiple sites, and is only gaining traction. I hope this at least helped in some regard and can be used for clarification on where we stand. I didn't really bring up CTB as that is mentioned through out many of the discussions and its consensus is that its still in the 200-280 range. Shares available to short is sitting around 45 thousand. I suspect some smaller fish got out due to the extreme pullback in the overall market and with this being elevated there was no reason for them to stay. but just keep this in mind: 50k of 3.475 million (RH data) is only 1.4% of the short position. If volume hits the broader position will certainly unravel uncontrollably.

Still in, still ready to smack some shorts up this week. stay strong. keep the community and keep the jokes. It's the easiest way to get through these things. That's how AMC played out for me, at least. Good luck traders. do with this information what you will. this is simply my deep dive today after the bloody mess of a market we had! cheers.