“WSM earnings release after close on wendsday option chain maxed out @200.00 currently owned 96% institutional 12% short interest…… if chain does not get expanded on wendsday 200c 3/18 fd is the play. All time high is 220, Restoration hardware pumped on earnings personally I think they have fixed their supply chain as my wife buys all sorts of shit from their brands pottery barn, west elm, etc. and it’s being delivered every fucking day. But I am not entering until afternoon on wendsday it’s a lottery ticket play option chain is 25-30% off highest strike… up 5% for the week…looks similar to hertz, shorts are currently in the money however if it begins to gap up from earnings they may cover as a way to take profit which would max chain, Good luck to us and this is a lottery ticket , full disclosure I am a huge pervert and super retarded.”
Brief analysis thanks to @RandersonTexas: this is a play on the float being locked up by institutions and the shorts deciding to cover if it gaps up on earnings, but it’s only 8 million shares short, so almost all of them would need to cover to squeeze it. Plus, they are in the money up to $170ish, so it would probably need to gap over 25%. There isn’t much as far as OI on the chain right now.
