I used to be performing some analysis and seen Invoice Gates purchased a big quantity of $VRM this month. Ontop of that there’s vital open curiosity on 9/16 OTM calls. Somebody is holding about 80,000 contracts of $3 calls expiration 9/16 and I imagine that is Invoice Gates. I imagine they might get purchased out by $CVNA given Invoice Gates can be invested in them. Taking a look at TA the inventory has bottomed out and has bottomed for roughly a yr. It ought to hit $5-$6 mid September given how shorted the inventory is.
Not monetary recommendation
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submitted by /u/AxemanFromMA
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