hey guys, so if you saw my post this morning I'll just keep it brief. HOLY WHAT A DAY. First we had shares available to short collapse from 4m to 950k. price followed suit and came down, no surprises there. Then midday we briefly saw rebate almost go neutral while CTB COME DOWN... UNTIL 12 pm onward the most bullish thing occured. CTB AND NEGATIVE REBATE HAS STARTED TO EXPONENTIALLY RISE.
As a quick overview, ctb is the annual cost to borrow a share . Currently annualized every new short position is now getting charged a MASSIVE 7.79% FEE. Now to be fair, this isn't a short squeeze percent but its rise from 1.8% to 7.79% is building towards one!
Now secondly a rebate is how much the lender pays you for giving your cash for them to hold. Typically they park it in overnight holdings make a certain amount and give you a certain kickback. For this to rise -4.16% means they are now charging you for holding on to their cash. typically markets do this when theres an increased risk of extreme volatility.
So with all of that being said, factoring in the options chain in the next coming weeks. Price sction is far from over!
thank you for listening
