$HTZ IM BULLISH, HTZ entering squeeze territory. CAUTION THROWN OUT THE WINDOW. - PT3

hey guys you may have seen my post the past couple days if so lets talk whats new.

CTB SKYROCKETING TO 27.77% annualized. what that means is to open a short position it now costs them 0.076% per calendar day. or for every 100,000. about 76$/day. not crazy but combine it with that atrocious rebate and things get worse.

All of that is good and dandy but heres where things get really interesting. Yesterday's ctb rate was 9.22% and despite that if you look at my second screenshot reported short volume is in the very high tens of millions.

And then theres the elephant in the room, off exchange volume shot up to 8.18%. Typically the only reasons that occur is cause of 2 reasons:

1. dealer inventory management caused by the explosion in HTZ derivatives activity i.e delta hedging as they sold calls they now need to buy

and 2. internalizing volume to suppress pricing.

seeing the off exchange is whats got me bullish. This implies that the guard rails to prevent a squeeze are acting in overdrive!

edit:

as of 11:41am est ctb is now up to 29%, shares available to borrow at 7k and rebate even more negative now at -25.51%