BIG MONEY Buying Faraday TODAY - Is News Coming ?! │ NEW Faraday Short Interest is...🔥
Summary
TLDRIn today's 'Trending Stocks' episode, the focus is on Faraday Future's (FAAY) stock, which is up 23.8% pre-market with no official news or SEC filings to explain the surge. The host speculates that the rise could be due to a large entity buying in, possibly related to a potential partnership or venture. The discussion also covers options activity, the possibility of a gamma squeeze, and short interest. The host shares their own small purchase and teases a future video on potential American OEM partnerships with Faraday Future.
Takeaways
- 📈 The stock 'Faay' is currently up by 23.8% pre-market, hitting a high of around 69 cents.
- 🔍 There is no official news from the company, no SEC filings, and the reason for the stock's rise is speculative.
- 📊 The stock has seen a significant volume of shares traded, with 46.68 million shares, which is unusually high.
- 💡 The video suggests that the stock's rise could be due to a larger entity buying in, possibly related to a potential partnership or news not yet disclosed.
- 💰 There was a notable transaction of $1.43 million, which likely contributed to the stock's increase in value.
- 📊 The speaker speculates about a potential 'gamma squeeze' scenario based on the current options activity and open interest.
- 📌 The short interest is increasing, with 349,000 additional shares, but the overall short interest is only at 6.49%.
- 📉 The short interest data is delayed, as it is based on a report from June 14th, and the current short interest might be different.
- 🤔 The speaker plans to investigate the source of the large transaction to potentially identify the buyer's location for further insight.
- 🚀 The speaker bought a small amount of the stock at 56 cents, indicating a personal belief in its potential.
- 🎁 A promotional offer is mentioned for new account sign-ups, offering five free stocks valued up to $2,000 each, valid until July 31st.
Q & A
What is the current performance of Fairy Future's stock in the pre-market?
-Fairy Future's stock is currently up by 23.8% in the pre-market, hitting a high of around 69 cents.
What is the trading volume of Fairy Future's stock as mentioned in the transcript?
-The trading volume is significant, with 46.683 million shares being traded.
Is there any official news or SEC filings that could explain the stock's performance?
-No, there is no official news from Fairy Future or any SEC filings that could account for the stock's performance as of the time of the video.
What does the speaker believe could be driving the stock's increase?
-The speaker speculates that it could be a larger entity buying the stock, possibly related to a meetup or other undisclosed news or partnership.
What was the significant transaction mentioned in the video that influenced the stock price?
-There was a transaction for $1.43 million that occurred, which likely contributed to the stock price increase.
What is the sentiment of the options market for Fairy Future's stock?
-The options market sentiment is bullish, with 51% of all options being done today being optimistic.
What is the potential impact of Fairy Future's stock closing above 50 cents on market makers?
-If Fairy Future's stock closes above 50 cents, market makers may go on to cover their positions on Monday, potentially leading to a gamma squeeze.
What is the current short interest in Fairy Future's stock?
-The short interest is at 6.49%, with an increase of 349,000 shares being shorted.
Why might the short interest percentage seem low despite the increase in shorted shares?
-The short interest percentage may seem low because the data is based on a delayed report from June 14th, and the actual shorted shares have increased since then.
What is the speaker's personal action regarding Fairy Future's stock?
-The speaker bought a small amount of Fairy Future's stock at 56 cents or 55.5 cents.
What is the promo mentioned by the speaker for new account sign-ups?
-The promo offers five free stocks to new account sign-ups with a minimum deposit of $100, with each stock valued up to $2,000, valid until July 31st.
Outlines
📈 Stock Surge Analysis - Speculation and Trading Activity
The video discusses the sudden surge in the stock price of a company, currently up by 23.8% in pre-market trading with significant volume. The host speculates on the reasons behind the rise, noting the absence of official news or SEC filings that could explain the increase. They delve into the possibility of a large entity buying shares, referencing unusual options activity and a significant transaction worth $1.43 million. The video also touches on the potential for a gamma squeeze, given the current open interest in call options, and the implications for market makers. The host provides an analysis of short interest, noting an increase in short positions and explaining the discrepancy between reported short interest percentages due to delayed NASDAQ reports.
🤔 Investor Sentiment and Market Speculation
In this paragraph, the host continues the discussion on the stock's performance, focusing on investor sentiment and market speculation. They mention the short score and cost to borrow, indicating a decrease in borrowing costs compared to the previous day. The host shares their personal investment decision, having bought a small amount of the stock at 56 cents. They invite viewers to share their thoughts on the situation and whether they believe a significant partnership or venture could be behind the stock's activity. The host also hints at a future video discussing potential American OEM partners for the company and mentions a promotional offer for a stock trading platform, valid until the end of July.
Mindmap
Keywords
💡Trending Stocks
💡Pre-market
💡Volume
💡Dilution
💡Conversion
💡Entity
💡Options Activity
💡Gamma Squeeze
💡Short Interest
💡OEM
💡Promo
Highlights
Faraday Future's stock is up 23.8% pre-market, hitting a high of around 69 cents.
The stock has seen high trading volume with 46.683 million shares being traded.
No official news from Faraday Future or SEC filings have been reported to explain the surge.
Investors are speculating on various platforms for news, with no concrete information found on LinkedIn or YouTube.
The stock's performance suggests a large entity might be buying, possibly related to a recent meetup or undisclosed news.
Abnormal options activity was observed with significant volume, indicating big money investment.
A transaction of $1.43 million was made, contributing to the stock's rise.
The speaker suggests that the large transaction indicates more than mere speculation.
There is a discussion about the potential for a gamma squeeze due to the current open interest in options.
If the stock closes above 50 cents, market makers may cover their positions, leading to a potential squeeze.
Short interest is increasing with 349,000 shares, while the overall short interest is at 6.49%.
NASDAQ reports disclose a delayed short interest of 6.39% as of June 14th, which is updated by platforms like Ortex.
Short utilization is high at 95.32%, with a short score of 62.84 and a borrow cost of 12.08%.
The speaker plans to investigate the coding for the large transaction to possibly identify the source of the investment.
There is speculation about a potential joint partnership or venture involving Faraday Future with an American OEM.
A promo is mentioned offering five free stocks valued up to $2,000 for new account sign-ups with a deposit of $100.
Transcripts
what is going on welcome back to
trending stocks today want to talk to
you about fairy future got another
interesting day on our hands currently
up
23.8% pre-market kind of Hit the high of
around looks like 69 cents I want to
break it down on what is really driving
it higher and go over everything else
you need to know but first make sure
guys hit that thumbs up and with that
let's get right to it so like I said
currently up
23.21% a lot of volume so 4668 3 million
shares being traded 38 H the average
about to head into Power Hour right now
no official news from faay no SEC
filings nothing along those lines and
it's kind of funny that I've never
really invested in a stock that you have
to go around to various different
platforms to look to see if there's news
so I checked out LinkedIn absolutely
nothing no new YouTube channels no no
new posts from Faraday's website and no
new posts on yts so as of right now
there's absolutely nothing to go based
on just speculation so a lot of people
are kind of saying that it's this and
it's that based on my video yesterday I
did say it could be one of two options
and that today was going to be a big day
to kind of determine which one it was
because normally whenever a company is
excessively diluting and that's no fault
of the company it's just them issuing
warrants and it's that conversion
that does really kind of damage the
stock like that again is no fault to the
company the conversion and when that
does occur but usually that does result
in a spike but the following day it does
tend to go down so the fact that it's
actually holding its gains is fair to
assume that it is some larger entity
that is buying I don't know if it has to
do with the Meetup uh that did happen or
maybe there is other news that they're
privy to or there's some partnership
because two days ago I brought up
abnormal options activity yesterday that
was an amateur amount of volume that was
true money big money getting in and even
today first thing there's been quite a
lot of volume like I already pointed out
but if you do look right here there was
one transaction for
$1.43 million that was done first thing
and obviously that's what caused it to
go up so in reality why is it going up
anyone's guess anyone saying that they
know a definitive answer is just
speculating is or I can't even speak
speculating right now this is why I like
to look at the data numbers don't lie
someone bought and I don't think someone
would throw like 1.5 million at a spec
play something like that so I don't know
what's your thoughts on that a lot of
people are bringing up about it being a
potential gamma squeeze so right now 1.7
million in calls 400 38,000 inputs
sentiment wise 51% of all the options
being done today are optimistic and
bullish and this is the current open
interest so as I've said in the past
come Friday if air is able to close
above 50 cents then you're going to see
market makers go on Monday whether it be
pre-market or during the trading day go
cover these um so they're going to be in
the money so 32,000 at that 50 Cent trik
price and better yet somehow in the next
day day and a half if faray is able to
get above $1 then this 22,000 is also
going to be bought on the open market so
this is where you could get nice little
bit of a gamma squeeze I think two weeks
ago that was ideal though because that
was a monthly chain rather than just a
weekly chain but still regardless it
doesn't really matter because that's
some pretty kickass stuff right now just
to give you a quick overview on shorts
they're increasing 349,000 shares and
I'm sure some of you might be wondering
what the why is the short interest
only 6.49% well let me break that down
for you so going over here two times per
month that's when the NASDAQ does
disclose the true true numbers through
reports it's always delayed it's a
messed up kind of scenario but yesterday
was one of those reports and it was as
of June the 14th so like I said it's
delayed and so what ortex does and many
other platforms they take this
information so as of June the 14th there
was
27.84 Million shares being shorted and
that does work out to be that
6.39% so that's kind of where that comes
from so when it comes to ortex they take
this information and calculate it up to
today's date and like I've said over
this last little bit shorts haven't
really been doing all that much over
this last week so this is why you do get
this short interest right now of 6.49%
utilization still fairly high so 95.3 2
and then short score is 62.8 4 cost to
borrow average is a little bit lower
than yesterday so it is sitting at
12.08% so yeah all in all pretty
interesting day uh let me know your
thoughts if you are a buyer if you are a
seller and why do you think that a big
entity is getting in as I said yesterday
the whole Bridge wouldn't be kind of a a
joint partnership or venture
that would be created that would be a
true partnership with Faraday and and
like for instance American OEM I was
intending on doing that video today but
given what has been happening with faray
I decided to push that tomorrow so
tomorrow is going to be more of a which
OEM American OEM could be that bridging
partner um so maybe this could be that
money big money is getting in could be
correlated with the UAE uh later today
I'll go on my uh other um account right
now and kind of find out the coding for
that one big transaction just to see
exactly where they are located from
because that might give some insight on
where it is but the only problem with
larger entities from the Middle East
they usually like to use kind of big
Banks um kind of to Route it so it might
be somewhat difficult so nonetheless
beside the point fun day uh very very
fun day I did buy a very small amount
not anything to write home about but I
did buy in today at 56 cents or 555 or
something like that so yeah I'm pretty
happy what have you been doing don't
forget to hit that Thumbs Up And
subscribe one final thing take advantage
of this promo simply sign up for a new
account throw $100 at it and they give
you five free stocks each stock is
valued up to $2,000 kickass deal this is
only up until July the 31st with that
said appreciate all of you watching
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