Looking at the options chain also shows that call options for over 8 million shares have gone ITM since yesterday’s close.
Last reported short interest was 40 million shares on may 14. This is about twice the short interest of AMC before last weeks squeeze.
This looks like the perfect setup for a combined short and gamma squeeze. I see no reason why CLOV couldn’t reach the same price point as AMC did last week (>$70). It might even go higher than that.
Edit: updated estimated short interest data from Ortex by u/idster put it at 44% of float (cfr AMC @ 12% and GME @ 18%).
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