With such a huge percentage of shares short, one is tempted to believe a big short squeeze would seem to have a substantial probability. But then how do you explain the low volume and small premium for out of the money call options?
How about the possibility that alot of stockholders were buying puts, and market makers were selling the stock to cover their large naked put positions.
There are only about 17000 put contracts open interest (all strikes, all maturities) on RGR.
That could explain it but only if there were a huge number of put contract open interest. 8,000,000 shares would be 80,000 contracts. But I think the total open interest of RGR put contracts is small.
Perhaps the shorts were completely certain of RGRs demise and made a huge up-or-down bet?
Why waste money on call options if you think your bet is right? For that matter, why even locate the shares?
48 percent of shares were short a week ago
manipulation to allow shorts to get out without the big squeeze?
I think the big traders are driving the stock up and down to make a nice percent every day. this thing is moving 5,6,7 percent swings. thats nice if you are selling at the top and buying at the bottom