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$TE is following $SPY flows in precise manner. So smart money has not shown any reaction to latest FP drop. Price volatility is entirely being driven by $SPY. This I do see changing until after June 17 meeting & G2 $225M funding announcement. The FP latest short report is nothing more than a fart in the wind for $TE price movements.
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$TE π
Went surface-by-surface on the options data today. One expiry kept recurring across independent datasets:
π OI β 07/17 $11C is the highest-volume contract; multi-day call build $11β$15
π° Net premium β 07/17 the dominant positive spike (~$2.5M)
β‘ GEX β 07/17 β 40% of normalized gamma, the largest single-expiry concentration
π DEX β 07/17 net delta led at β 28% normalized
π Flow β large 07/17 call buys still printing into today's pullback ($364K $10C)
Smart Money posturing seems to be focused on July 17
Hypothesis: if there's a catalyst-driven move, the structure suggests it's framed around that window β but a $12 gamma call wall sits overhead first, and the regime is currently dampening (positive gamma = pins price).
But I do very much hope you are right!
NFA β just sharing my homework.
@spacanpanman The math fits π
β Float: 172.48M β 194.98M (5/26-5/27)
+22.5M from Trina lockup
β 9-day volume: ~644M on 195M float (3.3x turnover)
β Borrow rate: 0.82 β 0.41 during the rip
Distribution feeds the lending pool
13G/A watch on π
Neither, actually. The setup is structural, not directional.
π TODAY'S STRUCTURE BUILT:
β POC: $10.86-$10.95 (institutional accumulation)
β VWAP: $10.55 (Value Area Low)
β $11 Gamma Wall: ~15K contracts May 29
β V-bounce from $9.68 β $11.28 (1.6x range)
β Volume: 68M+ shares
β RSI reset from overbought to 53
βοΈ THURSDAY MECHANICS (1 DTE):
β Gamma compression intensifies
β ~$1.4-1.6M dealer hedging per 1% move
β Max pain = $10.90 (exactly at POC)
β Dealer pin engineered TODAY
π― THE REAL QUESTION:
Not gap-up vs pullback.
Who controls $10.86-$10.95 tomorrow.
If bulls absorb supply at value area β
Friday breakout setup, dealers chasing.
If dealers hold POC pin β
Friday expires at max pain, premium dies.
Position is intact above VWAP either way.
Trade the structure, not the prediction.
NFA.
$TE β Context on the 13D filing π
You are spinning the "deputized director"
language. The actual timeline tells the real story:
βββββββββββββββββββ
π TIMELINE
β Dec 23, 2024: Director appointment right granted
β Dec 29, 2025: Amended agreement REMOVED right
β Mar 30, 2026: Trina Director RESIGNED
β May 21β22, 2026: 22.5M shares sold
π KEY FACTS
β Sales: 52 days AFTER director relationship ended
β Average sale price: ~$8.45
β Current price: $11+
β Source of funds: "working capital"
β οΈ THE TECHNIQUE
Trina sold 52 days AFTER the director relationship
ended. The exit was structured carefully to be
OUTSIDE the "deputized director" window.
The technical SEC language is being used to imply
insider sales β but the sales happened well after
Trina was an insider.
π IF THIS WERE INSIDER SELLING ON BAD NEWS
β Why sell at $8 (low) not $9.43 (high of range)?
β Why structure exit OUTSIDE the insider window?
β Why miss the +29% rip 4 days later?
β Why leave ~30% on the table?
β‘ THE ACTUAL READ
β FEOC compliance, exactly as thesis predicted
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NONE of his scary predictions have come true.
Mt. Kilimanjaro still has snow and Glacier National Park still has glaciers.
Here's why we are not doomed:
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