Look at the short interest, GME was listed at 17% – AMC was 21%
UWMC is now 22% + with 100% borrow fees
Did you know TODAY it was added to the MSCI index !? Major bullish catalyst
In about 10 days it goes EX DIV, which means shorts have to PAY that dividend if they don’t cover. Also, Russell index inclusion will be announced at the same time.
AMC and GME both are selling hundreds of millions of dollars in stock / UWMC is BUYING hundreds of millions of dollars in stock. Yes CEO announced a buy back that could eliminate 44% of the float ($300M)
Did I mention while you wait for a squeeze to the moon you collect about a 5% dividend?
Options – look at the options ! Not only is there an insane amount of Open Interest, but there is no time value in the calls. Super cheap premium. You can buy $5 calls all the way out to DEC within 5 cents of current stock price. Meaning you can go big and buy time, for almost zero premium.
This is the real play. If UWMC had 1/10 of the volume AMC did yesterday it would have MOONED. It can happen. 🚀💸
This is not financial advice, but it could be a good time to take some gains and actually put them to good use !!
Position : 68,500 shares 100AUG $5 calls (might double that today)
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