$FUBO FuboTv Rockets 🚀 Up on Friday 21%! 💥 Someone knew..$2MM+ Profit from Calls
$FUBO FuboTv Rockets 🚀 Up on Friday 21%! 💥 Someone knew..$2MM+ Profit from Calls. The platform is SweepCast www.sweepcast.com #fgen#biotech#ckd#azn
What Happened I observed a large amount of unusual calls coming through the SweepCast platform, same expiry, same repeat strike prices throughout the day. See this image below. All of these came in on 04/07 which was Wednesday. Two days later we see a 20% spike with news about getting licensing from Qatar World Cup!
Will the Squeeze Continue?
$FUBO has one of the largest short interest ratios out there for any company. Shs Float 51.26M Short Float 35.30% per finviz
This is probably one of the best short squeeze candidates out there at the moment. If retail traders on Robinhood + WallStreetBets start to pile into this stock, I can see it recovering back to the $30s+ within a week timeframe. Keep watching out!