Jan. 6 at 11:09 PM
$ACHV Todays price action wasn’t a sell off or short attack . Its Market Makers. They care about exactly one penny… the one between
$4.99 and
$5.00.
They sold/shorted shares today because they’ve sold a mountain of
$5.00 call options to retail traders. If ACHV closes at
$5.01 on 1/16 those options are "In The Money." The MM effectively loses; they have to deliver shares or hedge aggressively, which costs them millions.
But if they can force the price down to
$4.99, every single one of those
$5.00 calls expires worthless. They keep 100% of the premium you paid them and owe you nothing.
That volume today was MM algorithms stepping in front of real buying pressure, absorbing the demand, and shorting it specifically to protect that
$5.00 level. They aren't "investing." They are defending their payout.
$4.99 is simply the price where they win and the call holders lose. That is why it happened. It is also bullish that all their effort today closed it exactly on the line… Buyers were there
