If it is squeezing, you can't blame them ;-)
Forget about that: Prescient point
Put options, Aug, are seeing a lot of volume. Most of them are buys, bracing for the downside... Selling pressure and volume increasing.
without any relevant news, at best/maybe upper BB, $14+. Hard to say off course, with FED meeting ending tomorrow.
cost to short now 119%
didn't close the gap, bounced of FIBO support at $12.16 (in fact lowest today was $12.17).
Cost to short now 108%, whereas NOV and FEB 2016 $15 calls are seeing activity.
Last Q this was a pre-revenu company; Now it is a pre-revenu company WITH ORDERS!