As a holder of nearly 10k warrants for DJT (previously DWAC)since it was first launched, there has been a continued discussion about shorts on DJT since prior to the DWAC merger earlier this year. You can almost set your watch for when the short ladders start each morning.
That being said was last week heavier than normal? I couldn’t really say, but the last 2-3 weeks certainly felt heavier.
Of course I used the opportunity to add to my position as well as picking up some longer term options.
I also use what’s called a poor man’s call as an income producer. Basically you buy a call in the money a long way out in time and then sell a call out of the money at a short time frame. I was doing this with DJT in order to offset some of the hard shorting, basically taking advantage of the bad guys to generate some cash - which I then used to add to my positions and put more pressure on them.
Nothing would really suprise me one way or the other, but the shorting, likely naked shorting (which is illegal), has been an issue for more than just DJT as GME, AMC, and other holders will be more than happy to talk about. There are certain players that are most often discussed in this regard, but it seems the SEC won’t look into it seriously because all those guys are in each other’s pockets.
I never really understood the warrant thing. I do belong to the $DJT group on TS. Formally called the DWAC ERS.