May. 23 at 3:15 PM
$GRPN For GRPN, if shorts start covering heavily while price is already moving through the option strikes, the move can accelerate very fast.
Current setup:
~13.8M shares short
~6.96M share equivalent call exposure
Biggest call walls:
$15
$18
$20
$25
$30
Possible path:
Break/hold
$18
→ dealers hedge more
→ push toward
$20
Hold above
$20
→ major gamma zone activates
→ possible fast move to
$22–25
Strong volume through
$25
→ next large call wall at
$30
→ squeeze momentum can intensify
If shorts panic above
$30
→ covering + hedging together
→
$40+ becomes possible quickly
Above
$40
→ Jan 2027/2028 LEAPS at:
$40
$50
$60
start becoming relevant
That’s where moves can become CAR-like mechanically:
hedging,
short covering,
low liquidity,
momentum traders all stacking together.
