Oct. 4 at 5:41 AM
$VERI I disagree Here’s the
$7.50 target summary for VERI:
• Chart:
$7.50 is the next major resistance — it lines up with the 200-week moving average and prior supply zone.
• Options chain: With strikes spread wide (
$5 →
$7.5 →
$10) and only monthly expirations, MMs are more likely to defend
$7.50 than
$5. That makes
$7.50 the logical “hedge wall.”
• Delta/Gamma: Your
$5 calls are already Δ ~0.7. At
$7.5, they’ll be Δ 0.9+ and trade almost like stock. Gamma pressure forces MMs to buy shares as VERI approaches
$7.5, adding fuel.
• Float/Shorts: 36M float with ~8–14% short interest. A push through
$6.40 could trigger covering that drives price into the
$7.50 corridor quickly.
• Portfolio impact:
• Shares: +34% gain from here.
• Calls: intrinsic value ~
$2.50 minimum, likely
$2.80–
$3.20 with IV — a 3.5–4x from current
$0.89.
