As always, search reddit for a bunch of really good DDs. The short vol on Friday was \~62%. Last week when the short vol went over 60%, we went up \~8-10% the next day. The 'official' fintel short interest numbers also came out and I was not expecting that big of a jump.
Earnings are coming up next week and there is still \~$200MM in left in the stock buyback. This will be a bit of a slow burn, but all things are pointing towards some fireworks before August OPEX with \~20,000 contracts OTM.
Gun to my head, I be this closes around $28 today, but that could turn on a dime.
Position:
200 Aug 30C
I will probably be adding a bit more today, we'll see.
https://preview.redd.it/ymtyhtlwasfh1.png?width=2188&format=png&auto=webp&s=4b4e8c3f5132079a216737fec0e22e421204e3f4
**EDIT After Hours:**
ChartExchange is reporting the short volume today of \~72% - that's the highest it's been in 50 trading days? That is pretty wild.
https://preview.redd.it/dy9w63uwaufh1.png?width=1163&format=png&auto=webp&s=603da4304071fd9a9fe7b49a720b43340b089758