Discover and read the best of Twitter Threads about #SqueezePROG

Most recents (7)

Really liking this Wyckoff pattern here. $PROG is still on it's way to greatness. This little retest of $4.80-$5 is just confirmation.

Even if $5 - $7.50 calls expire OTM, this was a massive victory.

I've closed/rolled/exercised all of my 11/19 call positions.
Most of my remaining contracts are set up for January for safety reasons. (Always give yourself more time than you think you need.)

But the pattern looks like it's going to play out to completion before Dec 17, so I bought a big load of calls on the dip for 12/17 too.
At this point, bulls have done so much damage to shorts this month that I have supreme confidence that the squeeze is coming soon.

And while I do not recommend FOMO-ing into any stock for any reason, $PROG is showing the strongest signs of squeezing of any other play this week.
Read 11 tweets
Oof, I wish I hadn't slept in today. Could have made a real nice day-trade. Oh well.

Anyway, I see $PROG is doing awesome. Broke through two support levels in pre-market, and fell back to $5 before finding support.

All-in-all, pretty healthy correction.
Once we establish $5 as the new level of strong support, which it looks to becoming so, then we can expect to see another leg-up. $5.50 is a lovely target that we can easily break to put another level of call options in the money.

Lo and behold, Dec calls are filling up too.
Shorts are still going to have a hard time borrowing shares at this point. Util is 99.9% and the net returns from two days ago are apparently already being borrowed again, which just means more money to take from shorts.
Read 13 tweets
What an absolutely incredible day for $PROG. We didn't quite break that $5 area of support, but that wasn't the goal today. Our goal was to break $4 and we left it far behind us in opening 5 minutes of the day and never looked back.

#PROGGERS crushed it. 40% gain today.
We saw TONS of action on in the options market today, with the OTM chain blowing up massively as support flooded into the stock, from the surge to $5.

The volume on $4+ strikes is absolutely incredible, but what's more, exercising on deep ITM options was equally impressive.
Now we have Wednesday ahead of us, and we are threatening to open up the options chain above $7.50 now that we have cracked through 4 new strike levels.

That's as bullish as it gets.

What's more, tons of puts have gone OTM and have lost more than 70% of their value below $4.50
Read 17 tweets
It's kind of funny, but I left my phone on silent and slept in today.

Glad I did. Seeing $PROG at $5 when I finally woke up was immensely satisfying.

Gamma still incoming. We need to hold $4.20 today and maintain the momentum. More options have been bought and exercised ITM.
I actually sold 50% of my $5/$7.5 that I was holding for 11/19 & waited for a dip, full disclosure.

As it turns out, I now have an even BIGGER position in $PROG because of these calls, and I have enough buying power in all my accounts to exercise all my ITM calls for Fri.
Reason why I sold those OTM calls is because we had a huge volatility spike, so I know that I can sell them for profit and buy them back cheaper when the stock relaxes, which it did down to $4.25

Just a little lesson in day trading.

Fibonacci extensions are awesome btw.
Read 7 tweets
The numbers are in for $PROG, and whooooooooo boy is it tilted as hell.

6 Million FTDs on 10/29, and we've been on the threshold list ever since 10/20. T+19 days.

$SPRT squeezed on T+21 days on threshold. Just saying.

This is gonna be a long DD thread. Fuckle the buck up.
TL;DR: #SqueezePROG is looking bigger, badder, and more likely than ever.

First, covering the above screenshot, we see that SI% is 30% even after a net return of 2.13M shares today so far. Shorts are now fleeing the stock as we are running up towards $3.50.
If you missed the space call this morning, we talked about $3.50 and $4 being significant levels for us. $3.50 is the major resistance, but $4 is the target to trigger the gamma ramp toward $7.50, which is obviously what we'd all love to happen.
Read 20 tweets
$PROG Take a look at the difference in the OI on the ITM strikes.

Do you see the lack of volume, and yet the OI dropped dramatically?

That means people exercised their options in massive numbers.

T+2 days from now (Wed), those shares will be forced to deliver. This is bullish.
Image on the left is from last week.
Image on the right is from today.

The FUD factory at InvestorPlace is working overtime.

We are going to #SQUEEZEPROG
Be patient and hold. We got this.

I'm buying shares and OTM calls.
The reason why this matters is because naked calls that get exercised early force the seller to buy stock at market price before T+2 to cover those calls. The more ITM calls exercised before close on Wed, the more shares that have to be bought before Friday.

Just saying.
Read 5 tweets
$PROG MEGA DD Thread part 1

Posted this back on October 20 after recent options expiration. The details of the charting and price movements should help inform #PROGGERS in order to give conviction to #SqueezePROG

Retweet to help spread the info.

threadreaderapp.com/thread/1450660…
$PROG MEGA DD Threed part 2

This is when #PROG officially hit all of my squeeze triggers, according to my Short Exempt Squeeze Signal Theory.

threadreaderapp.com/thread/1451687…

Short Exempt squeeze signal Theory explained: reddit.com/r/Wallstreetbe…
Not really DD, but just some pay observations I made that prove I'm not a complete dimwitted degenerate who only pretend to understand the stock market.

I predicted two of $PROG's major moves before they happened, not to mention the $AMC June sneeze

threadreaderapp.com/thread/1448305…
Read 6 tweets

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