SKT technicals + big OTM call OI gamma squeeze setup Long

Tanger Inc.NYSE

Description

⋅ Mar 4, 2021 6:00 PM

Large call options volume on far OTM strikes with existing large OI is setting up SKT for a gamma squeeze and a short squeeze

Technical Indicators

Comments

jryda

⋅ Mar 16, 2021 11:40 AM

still applies right?

technicalGnu23704

⋅ Mar 6, 2021 3:09 PM

I think you are correct, test run March 4th , O 20.60-H 22.40-L16.57-C17.15-V 67.19M, good possibility going to the moon .

jryda

⋅ Mar 8, 2021 12:23 AM

@technicalGnu23704, $30+ maybe even $40??

IRSTaxman

⋅ Mar 8, 2021 1:22 AM

@jryda, If there is a gamma squeeze, SKT will likely go to the highest strike on the options chain -- as we observed for GME, AMC, RKT, and some other names.

jryda

⋅ Mar 16, 2021 1:34 PM

@IRSTaxman, hopefully soon right?

jryda

⋅ Mar 5, 2021 8:39 AM

more squeeze incoming