There is no BAYP shorts at these low levels.
Only, MMs daily shorts covered the same day.
Nobody's fool enough to short at such a low level before an R/S, like everybody knew, except newbies, maybe.
And newbies don't short...
The increase in PPS during the D phase and post-split will be decided mainly by the MMs to balance the books, like we say sometimes....
Any PR during the D phase may have an effect, though...
The higher the R/S the higher the PPS goes: Textbook...