Mar. 10 at 12:43 PM
$TSSI⚠️ Today could be very volatile!
👀
$APLD $IREN $DELL
Here’s likely why
$TSSI closed just under
$10 yesterday (
$9.99).
Many traders expected the Q4 earnings to be released later in March (around the 26th), so a large amount of options were positioned for that timing, with huge call volume around the
$10 strike expiring March 20.
But earnings are coming tomorrow, March 11, which may have caught some option sellers off guard.
This creates an interesting setup:
• Small float (~18M shares)
• High short interest (~17–20%)
• Huge call open interest around
$10
If the stock breaks
$10 and pushes toward
$10.5, two things could start happening:
1️⃣ Short covering – shorts may need to buy shares as losses increase.
2️⃣ Gamma pressure – market makers who sold calls may need to buy shares to hedge as those calls move in-the-money.
That combination can accelerate price moves quickly.
Add the possibility of a strong Q4 (Georgetown running at full capacity), and today could get 🔥
