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Re: Bountiful_Harvest post# 6380

Tuesday, 04/05/2022 4:18:56 PM

Tuesday, April 05, 2022 4:18:56 PM

Post# of 8415
Interesting BBIG perspective by Reddit poster:

https://www.reddit.com/r/Shortsqueeze/comments/tx36na/whats_up_with_bbig/

"Next week's option chain is poised to make BBIG breakout. We are talking about one of the highest OI in the market, with one of the most OI's on one option chain of almost any stock. 350k call contracts just to the $10 strike.

What does this mean? Let's be realistic, without shorts covering and no TYDE PR, we will be looking at $6 - $8.

Could it break $10? Yeah, but I don't see the widespread support to give it that yet. Sure, it has a good following, and its sub was one of only four investing communities that was able to keep their own spot on Place. BBIG, GME, AMC, and WSB. But we'll need to see more to chain it up to $15.

What about the TYDE?

It's so close you can taste it. The last amendment looked to be pretty final, not many changes. The SEC has already responded to it, but we won't know the outcome till we get an announcement or another amendment.

So, what if TYDE drops? Will it help the option chain? Yes, but it would have to be announced anytime from now to before market open on 4/14 to have any affect.

BBIG management expected TYDE to drop about 3 weeks after Adrizer was acquired. That happened March 1st. 3 weeks later we got an amendment instead, which pushed the possible announcement to this week. They also pushed back their earnings, the latest they can file is 4/15. My guess is they want earnings to be after they finally get a record for the TYDE dividend.

I was hoping for 4/4, didn't happen, but then I thought about it. If I was BBIG, where would I want my record date? Even more so, the Ex-date?

Ex-date 4/14 or later. Why have a pump and dump in the middle of an option chain ramp, when you can have an ex-date that keeps all the options ITM. This makes more business sense for them.

My bet, if they got the okay, which remember they have heard back from the SEC, they will go for an announcement anytime from today to next week. Today would be good in the fact that the record date would be on a holiday (which is possible yes) and the ex-date would be on 4/14. This would almost ensure all the gains next week will keep through exp, and they would end ITM. But anytime from now till 4/13-4/14 will have a positive effect on the option chain. To the tune of reaching $15-$25 per share.

Anyway you cut it, BBIG is doubling next week. Will you sit it out this time? Or get in before it happens?"


I can only provide my own speculation and theories. Everything I post is my own opinion and not financial advice. I am not a financial advisor. Do your own DD and always consult an Investment Professional.