May. 1 at 3:48 PM
$LCID running to 9$ at this point is really this stock moving to .90
It could happen in a blink and much more. There are no shares to short. Bears have to buy actual stock at this point to stop bleeding.
The question is - what is the market maker going to do. It’s sitting at max pain. Anything below 7$ won’t really bug it. After 7$ it may put pressure. If it breaks 8$ (or .80 really) it can start a gamma squeeze.
At that point with momentum traders this could
Go to 50$ (5$) unless
$BAC dumps
A lot of their shares.
There just is no float left