What's up, what's up, what's up, what's up youtube, how are we doing welcome back to trees trades? It is your boy trick coming back for another freaking video and we had a nice day today. Look at that twelve point: three percent green day after hours right right, just a little bit about point: zero, six percent, but then that's some freaking, tasty, lemon pepper tenders right there, good bounce off of that 28 dollar mark we're gon na talk a little bit about What i think is kind of going on in terms of the price. What i think is possibilities here for the next couple of days, but hey celebrate that stuff man, that's what it's all about. The little wins along the way are all part of the journey.

So that's what we are rocking with right now so a little bit by saying: i'm not surprised, not financial advice, blah blah blah drop like subscribe, my friends! So, let's just get into this bad boy, we're gon na start off here with the ortex data, so the ortex data. What you see here is we're up about 0.56 change and just keep in mind that this is giving you 85 percent of the exchange reported data reported being the key word, because there has been instances in the last eight months where we have had now reporting coming From finra, not necessarily their fault right, but coming from the big firms and institutions that report that data to them, we also have about 91.89, a utilization rate, which is essentially out of an entire pie of the shares outstanding. How many of these shares are available for lending 91.89 of those are currently being held, which gives you about 100.39 million total shares on loan? So that would leave you approximately, maybe about 20 30 million more shares. I have seen the numbers has 150 million, essentially think of this as raising the overall ceiling in terms of how high this stock can go cost to borrow.

This is an annualized interest rate in terms of how much shorts have to pay for their position on an annualized basis, and this is still decently low, meaning that the stock is not incredibly hard to borrow right now in terms of the actual lendable shares. This number will go up as the utilization continues to go up. I've said it a million times, but in case you're new to the videos. Now you know so that's kind of what's cooking up, not a lot has changed.

The the short interest is at 15.47 percent. 79 million shares on loan 85 percent of exchange reported data. That's what we got cooking up right there, delicious percentage ratio. This is something i'm actually surprised by.

I thought you would see a little higher of a number in terms of the actual shortening that took place yesterday, considering the overall drop that we had going into the market, because yesterday we had a significant drop, i mean it was from 34 down to about 28.70 2057 in the pre-market - and that came out to about 43 of the overall volume being read volume if you're looking at the total volume on the day, that's 27.8 million shares of shorted volume yesterday, which don't get me wrong, there's a lot, but it definitely was surprising. I thought there was going to be more so my hypothesis, for this is as simple as looking at the options chain now. Why is this important because calls and puts move price the same way that shorts and buys move the price? Because what happens? Is market makers? Hedge and unhedge forward call options or ports that run in the money and back out the money, since the derivatives market is so heavily invested in an amc stock which i'll show you here in just a second, it makes the moves more volatile for the up and The downside so here's an example for you option data. If you're looking at the expiration for august 6, you can see that they're, currently, 239 000 total call options out.

The money 100 000 puts that are out the money and whenever those run in the money and then back out the money back and forth back and forth, and back and forth that creates volatility. So that's sort of my hypothesis and speculation just based on why the stock price dropped so much yesterday, given that the overall volume is about 43. Of course, we've got a million other things as well. You've got uh naked short selling.

Failure to delivers high frequency trading, yada yada, yada, yada spiel. You know what this trade is all about, so just keep that in the back of your mind, that's sort of what i think is happening here, but this is probably the most exciting piece is. I was 100 fully prepared for a drop down to 25 today, and we didn't get that we actually had a beautiful 12.3 pop to the upside some freaking big fat nasty boo boom candles 11 pep attendees chicken church cracking kingdom coming from you guys so put yourself On the back man, that's it's as simple as it gets. This is a little win on the way to the journey.

Now there is an important thing. I have to say right. No, no sugar coating ever you're not going out of the clear that 25 zone. Yet what i want to see happen to confirm that we are going towards this 45 level of resistance is trend, continuation right either trend, continuation or consolidation.

We don't want a slow bleed, like we have seen here in the past five or six days, because that to me just it doesn't signify that we've got the bounce that we need. Yet what percent is good right and this could end up being an inverse head and shoulders pattern which, if you don't know, is just a nice round bottom? They can see right here. This is the head. This would be a shoulder and this would be a secondary shoulder if it was to round out in this direction, followed by a break over the neckline, which would be about 35 and 50 cents.

So you want to see that follow through whether it's train continuation or consolidation, both of those things are bullish. You just don't want to see a slow bleed back to that 25 dollar. You know range, otherwise it might end up happening. Does that kill a squeeze? No, but is it something that you need to be absolutely prepared for? Yes, keep that in the back of your mind, i've said it a million times i'll say it again.

The price is psychological. You have to be mentally prepared for all these moves that are going to happen, because the three main driving factors behind this trade still have not changed. The shorts have not covered their positions. The apes still like the stock there's still systemic problems in the stock market.

They need it worked out and that's what amc, the apes all stand for baby and that's what i've got for you so tell me where you're at buddy come here. Come here come on, come on you, silly chicken, you! Finally, calm down, you've been so rambunctious the whole day. Titan says goodbye. So that's what i've got for you guys do what you want to do: drop a like catch on the next one, light zaps for me and titan, always much love and peace.