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Thursday, March 28, 2024

FailBerg Keeps On Sinking

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

In keeping with our long history of noting every handle change in Failbook, we just passed into the $25 range (heavy volume came throuygh as we touched $25.88). With a post-IPO VWAP at $34.85, that’s a 25% drop from the average trade alone and volume remains active (over 30mm shares today). Calls are slightly ahead of Puts today but Open Interest remains biased to 6:5 in favor of Puts.

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