$RILY - Untamed beast rocketing soon
Posted: Apr 03, 2024
- Posts on Reddit have discussed RILY, a stock with high short interest despite financial legitimacy - The focus is now on gamma, shown through call volume and open interest - RILY has a float of 16 million shares, a low number that has led to previous squeezes - Call buying could force dealers to hedge with shares, causing a snowball effect for shorts - Current days to cover for shorts is around 12-14 - Poster has positions in RILY calls with various expiration dates.
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