a short History of Shorting "the Biggest Lumen"....goes back years, actually, but....
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...
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