Where the Squeeze Starts
By Brandon Chapman, CMT
Hey trader,
Cleveland-Cliffs just got squeezed on a nine-delta print.
Someone bought over 10,000 call contracts across the $10 and $11 strikes for April 24 expiration. The $10 tranche filled and the stock barely budged.
Then the $11 block hit at 10:14 AM, and CLF popped on volume within minutes.
When a print moves the stock in real time, you know the hedging is active. The delta was only nine, and market makers still had to buy enough shares to cause a visible spike.
Now layer in 10% short interest on the float and you've got the potential for a violent move higher.
Most traders would have scanned the volume at $10 and moved on. The Block Hunter Console flagged both strikes, confirmed every major print as a buy through fill location, and showed exactly when the gamma squeeze kicked off.
That spike at 10:14 was just the opening act. The delta sits at nine right now, and if CLF starts pushing toward those strikes, the hedging requirement goes from a nudge to a shove.
The 10% short interest pours fuel on top of that.
Good news: there is a clean way to position around $10 for 43 cents of risk.
Click Here to Continue Reading
A nine-delta print moved the stock intraday. As CLF approaches $10, that delta climbs toward 50, and the hedging requirement multiplies.
The Block Hunter Console flagged the fills, confirmed directional bias through fill location, and separated the signal from the noise.
The Console lit up opportunities on KSS (375% in 13 days), PLUG (206% in 5 days), and VFC (100% in just 24 hours).
Join me Monday at 2PM where I cover the newest opportunities the console has to offer.
Click Here to Add Monday's event to your calendar
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