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Old 07-05-2019, 08:41 PM
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Dpeck100 Dpeck100 is offline
David Peck
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Join Date: Nov 2013
Location: Orlando, FL
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CLCT has completely filled the gap from last February.

The stock has a float of 7.22 million shares and it traded 1,136,700 on the day of the Russell rebalance. That is 15.7% of the float and huge turnover.

The filings will start coming in soon so it will be interesting to see how this liquidity even took place.

If the market makers took a huge short position this could turn into a big squeeze play with the top of the down move at $28.

There are 300 contracts of the July $20 and $22.50 strike written combined so there is a synthetic short position of another 30,000 shares that expire July 19th.

This will be a very fascinating situation to watch because there is no liquidity in this stock and as I have said the ultimate type of stock for a short squeeze. Recent data was only 66,000 shares but enough to do some damage and these other two issues could throw serious gas on a fire.
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Last edited by Dpeck100; 07-05-2019 at 09:15 PM.
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