• Porter HarryPorter Harry
        ·07-18

        Another MEME Stock, Another Chance?

        OpportunitySurging Momentum & Volume: Opendoor’s stock has exploded higher in the past week, rising roughly 90% as retail traders piled in. Shares jumped from around $0.90 on July 14 to $1.65 on July 17, and even hit an intraday high of ~$2.02 on the 17th. Volume has gone parabolic – roughly 300 million shares traded on July 16 and ~550 million on July 17, versus a 90‑day average of ~85M. For short-term traders, this extreme price and volume surge signals strong upward momentum that can attract momentum buyers or short-covering demand.Options and Short-Squeeze Setup: Call-option activity has hit record highs – one analysis noted about 560,000 call contracts traded in a single day. Meanwhile, roughly 22% of OPEN’s float is short, meaning a classic short-squeeze setup. In the short term,
        3.31KComment
        Report
        Another MEME Stock, Another Chance?
      • Porter HarryPorter Harry
        ·07-18

        Another MEME Stock, Another Chance?

        OpportunitySurging Momentum & Volume: Opendoor’s stock has exploded higher in the past week, rising roughly 90% as retail traders piled in. Shares jumped from around $0.90 on July 14 to $1.65 on July 17, and even hit an intraday high of ~$2.02 on the 17th. Volume has gone parabolic – roughly 300 million shares traded on July 16 and ~550 million on July 17, versus a 90‑day average of ~85M. For short-term traders, this extreme price and volume surge signals strong upward momentum that can attract momentum buyers or short-covering demand.Options and Short-Squeeze Setup: Call-option activity has hit record highs – one analysis noted about 560,000 call contracts traded in a single day. Meanwhile, roughly 22% of OPEN’s float is short, meaning a classic short-squeeze setup. In the short term,
        3.31KComment
        Report
        Another MEME Stock, Another Chance?