Quote Originally Posted by boneil View Post
I saw the Friday thing on reddit. It has to do with options expiring. They believe that due to gamma squeeze, Friday is when the real fireworks happen. There is some truth to that theory. Positions in the options market will have to be closed on Friday as they expire. Market makers will have to be made whole Friday afternoon. But Gamma squeeze can work in both directions. So it should be interesting up or down.

Also. I'm not sure I believe the reports about these funds having already covered their shorts. It just seems too convenient and easy for a fund to call CNBC and claim they covered.
And I'm not so sure this is only retail investors on reddit. I would not be surprised if this is being done behind the scenes with computers by another hedge fund or trading firm. They may be posing on reddit as retail but the way this thing is moving seems very quick and sudden with a lot of volume.