$GES - The mechanics of special dividend induced covering and why this is now looking even more promising
Posted: Apr 04, 2024
- Company: $GES (Guess Inc.) - Announcement of special dividend of $2.40 per share triggers short sellers to cover positions - Short sellers must buy back shares on ex-dividend date of April 16th - Increase in demand for stock can lead to short squeeze - Options chain showing accumulation of open interest - Gamma ramp on options chain suggesting potential for explosive move - Original DD poster believes $GES has potential for positive movement in the coming weeks
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