with 31-34% short interest rate on SPCX and a forming bottom the RR to the upside increases.
my edge is the increasing of moumentum and the upside we had on this tripple test.

in my humble opinion the outcome of this trade is most likely successful. the domino of the short squeeze will force the buying of hedge call options if this occurs the market maker will buy stocks in order to hedge and will help the upside.

Another reason why i think we have done with the downside (for now) is the fact today 900m shares were added to the float and we did not make a meaningful lower low.

an extra edge for me is: the SPX and NQ at their ATH can cause risk assets to go crazy.

im targeting the vwap and im out.