BIG MONEY Buying Faraday TODAY - Is News Coming ?! │ NEW Faraday Short Interest is...🔥

Summary

In 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.