The net cumulative premiums on GME keep increasing, suggesting that a large amount of calls is being accumulated. Those setups are perfect for a squeeze, as these calls, held short by MMs, net to be hedged with long shares.
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https://preview.redd.it/srnqtpergzz71.png?width=1332&format=png&auto=webp&s=05053ef1adf33bb2305b4ed9db3ec184adb9d4c4
For the past few weeks, it's obvious that the calls have been leading, as you can see on the chart below. The green and purple bars at the bottom are not volume bars, they represent premiums. As you can see, recent sessions have been overwhelmingly biased towards the call side.
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https://preview.redd.it/2urndniugzz71.png?width=1522&format=png&auto=webp&s=a9ab1581d51afd41c637615aec3b0c6c47ca8846
The volume has also been skewed to the call side MTD, with the majority of large trades being for calls.
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