a Big Push was This year...and may have caused one of the biggest Squeezes to be a possibility...or a likelihood?
Some big boys were/still are on the short side...and they often started out using Options as an initial play...A huge number of PUT Contracts showed up at the January and June expirations...Shorting the equity shares down assured a Lot of these contracts were In the Money...profitable...for a while...
The Big Push to force the Share price below $1 recently...as a short strategy to make a reverse Split likely...seems to have backfired...A ton of PUT contracts exercised into shares sold after June 21...and some more July 19... may have Temporarily induced an Overconfidence if the shorts' minds...They found it so easy to manipulate the stock price on most days...ya know, Big Money gets their way...???
I think that's Over now...Look at all the CALL option contracts that are In The Money NOW...That's a Big Problem...because those, for the most part are NOT covered calls...and you know...when They exrercise...in the future...Look at Open Interest...August and January...and other expirations...WoW!
This is just Me observing and deducing probable scenarios...with a little help from available sources-
Look at some of the "bad boys"- https://fintel.io/sosh/us/lumn
Pay Attention, boys and girls...This Could be huge...
JMO
(make up your own strategies)
Recent LUMN News
- Form SC 13G - Statement of Beneficial Ownership by Certain Investors • Edgar (US Regulatory) • 09/11/2024 03:37:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/05/2024 09:16:54 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/03/2024 10:16:30 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/03/2024 09:24:58 PM
- Lumen Announces Exchange Offers for Unsecured Notes of Lumen and Level 3 • PR Newswire (US) • 09/03/2024 08:55:00 PM
- Lumen Selects Blue Planet to Underpin its Network Inventory Transformation Program • Business Wire • 08/21/2024 01:00:00 PM
- Lumen Technologies to Present at the Goldman Sachs Communacopia + Technology Conference • PR Newswire (US) • 08/19/2024 08:15:00 PM
- New Mexico Statewide Education Network picks Lumen to connect K-12 public schools • PR Newswire (US) • 08/15/2024 12:48:00 PM
- Lumen Technologies to Present at the BofA Securities 2024 Media, Communications & Entertainment Conference • PR Newswire (US) • 08/13/2024 08:15:00 PM
- Starbucks Rises 3%; Disney Unveils New Films and Expansions; Uber CEO Questions Tesla Robotaxi Viability, and More • IH Market News • 08/12/2024 09:46:16 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/08/2024 09:30:12 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/08/2024 08:42:23 PM
- Intel Sued by Shareholders; JPMorgan Raises Chance of Recession; Roblox Blocked in Turkey; Micron Resumes Share Buyback • IH Market News • 08/08/2024 09:48:43 AM
- Novo Nordisk Adjusts Outlook, Airbnb Drops 16% on Declining U.S. Demand, Lumen Technologies Surges 48% in Premarket • IH Market News • 08/07/2024 09:42:51 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/06/2024 09:01:58 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/06/2024 08:10:48 PM
- Lumen Technologies reports second quarter 2024 results • PR Newswire (US) • 08/06/2024 08:01:00 PM
- US Index Futures Rise After Market Sell-off, Oil Prices Trim Losses • IH Market News • 08/06/2024 09:49:06 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/05/2024 08:31:06 PM
- AI Demand Drives $5 Billion in New Business and Massive Expansion of the Internet • PR Newswire (US) • 08/05/2024 08:10:00 PM
- Corning and Lumen Reach Supply Agreement on Next-Generation Fiber-Optic Cable to Support Data Center AI Demands • PR Newswire (US) • 08/01/2024 03:04:00 PM
- Corning and Lumen Reach Supply Agreement on Next-Generation Fiber-Optic Cable to Support Data Center AI Demands • Business Wire • 08/01/2024 03:02:00 PM
- Lumen Technologies to Present at the Citi Global Technology, Media and Telecom Conference • PR Newswire (US) • 07/31/2024 01:15:00 PM
- Upbeat Earnings News May Spark Early Rally On Wall Street • IH Market News • 07/31/2024 01:07:54 PM
- Lumen Technologies to Present at the TD Cowen 10th Annual Communications Infrastructure Summit • PR Newswire (US) • 07/25/2024 01:15:00 PM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM
Element79 Gold Corp Announces 2024 Clover Work Plans & Nevada Portfolio Updates • ELMGF • Sep 10, 2024 11:00 AM
Nightfood Holdings Inc. Completes Major Step on Uplist Journey by Closing Strategic All-Stock Acquisition of CarryoutSupplies.com • NGTF • Sep 10, 2024 8:15 AM
Element79 Gold Corp. Announces Sale of 100% Interest in Elder Creek, North Mill Creek, and Elephant Projects to 1472886 B.C. Ltd. • ELEM • Sep 9, 2024 9:34 AM