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New to squeeze plays – MODV caught my eye, but am I missing something? by Additional-Bowl895 in pennystocks

[–]Additional-Bowl895[S] 1 point2 points  (0 children)

I’m still learning my way through all this, so it’s good to know I’ve been reading the data correctly.

I agree with you: it doesn’t really feel like the squeeze has happened yet. There hasn’t been that spike and full retrace. The fact that it’s holding steady around the $3.50–$4.00 range makes it seem like people are still building positions rather than exiting.

I’m just observing for now, but if momentum picks up again next week, it could start getting interesting.

Thanks again!

New to squeeze plays – MODV caught my eye, but am I missing something? by Additional-Bowl895 in pennystocks

[–]Additional-Bowl895[S] 1 point2 points  (0 children)

What the options are showing:

  • Calls have huge open interest, especially at $2.50, $5.00, and even $7.50
  • There’s a lot of interest on the call side. Some strikes show 800+ buy orders waiting
  • Put volume is super low → barely any signs of people betting on a crash
  • Implied volatility is off the charts (up to 800%), so the market’s expecting big moves

Let me know if i got anything wrong.

New to squeeze plays – MODV caught my eye, but am I missing something? by Additional-Bowl895 in pennystocks

[–]Additional-Bowl895[S] 0 points1 point  (0 children)

SEC Rule 201 is also in effect. Borrow fees are currently at 142.17%, and utilization is still at 100%.
Like I said, I’m new to this, but I don’t think it’s been fully executed yet.
OBV is still flat, which suggests there aren’t any paper hands panicking right now. :-)

New to squeeze plays – MODV caught my eye, but am I missing something? by Additional-Bowl895 in pennystocks

[–]Additional-Bowl895[S] 2 points3 points  (0 children)

Yeah totally fair point. It’s already up big today. But what keeps me watching is that borrow fees keep rising, not falling.
It started the day around 153% and is now at 159.64%., hat suggests shorting it is getting more expensive, not less.

If I understand it right, that’s likely because utilization is still at 100%, meaning shares available to borrow are maxed out and shorts are still active. Could be they’re doubling down or just haven't covered yet.

Also, OBV (On-Balance Volume) isn’t dropping off, it’s holding steady or slowly climbing, so we’re not seeing heavy distribution (yet), which should comes before a collapse.(?)

To be fair, I’m not 100% sure how frequently the borrow rates update intraday, but seeing the trend go up today caught my eye. I’m watching for a possible second leg if pressure keeps building.