Closed at $2.16, a 30% run in a single day
Peaked at $2.27
Volume: 67.5 million
Hoo, boy, what a wonderful day for MMAT! We're in a short week with a holiday, so I would temper expectations. My guess is they'll have a really difficult time getting us under $2 again, but all of those contracts that will be ITM should help to push us up even more going into next week. The likelihood for a gamma squeeze is really in the January monthly contracts. Go look at the OI. It's juicy. Sustained buying pressure taking us about $4-5 going into January could be devastating.
Peaked at $2.27
Volume: 67.5 million
Hoo, boy, what a wonderful day for MMAT! We're in a short week with a holiday, so I would temper expectations. My guess is they'll have a really difficult time getting us under $2 again, but all of those contracts that will be ITM should help to push us up even more going into next week. The likelihood for a gamma squeeze is really in the January monthly contracts. Go look at the OI. It's juicy. Sustained buying pressure taking us about $4-5 going into January could be devastating.
