Aug. 25 at 11:17 AM
$GRPN squeeze watch: SI still ~53% of float / ~34% of shares out, and it just got upgraded to a Multi-Mechanism setup (Strong) after confirming real options chain data. The
$20 strike is now essentially at-the-money and holds the largest OI cluster (~6k contracts) for the Sep-18 expiry — a live gamma wall, not just a stale one. Borrow availability has also collapsed 800k→200k shares in the past week while the company runs an active
$245M buyback into the weakness — real float tightening, not dilution.
Caveats that matter: the fee itself is still cheap (~1.7%), so this isn’t a borrow-cost blowup, and shorts have been in profit through the recent slide from
$25→
$19.60 post-earnings — they’re not trapped yet. The setup is real, but it needs a price catalyst to actually fire the gamma mechanism, not just sit there.
Not a trade rec — DYOR
