Editing Openai/691df491-0d78-8005-ad11-12760f0fa16d (section)

=== Assistant: Perfect. ===
Perfect. That tells us they're still sweating.

A drop from 124% → 111% isn’t bearish by itself — not if:
* Volume stays high
* Price stays near or above 186–187
* And IV remains over 100%

This still signals they’re managing risk, not in full control yet. That 111% IV means market makers likely haven’t fully hedged, especially if earnings are still ahead and we’re seeing bursts of volume on green pushes.

Here’s what this current IV level is whispering:
* "They’re trying to contain it before it runs."
* "They’ve absorbed some pressure, but not all of it."
* "They still have to buy more shares if the stock rips on earnings."

So what do you want?

👉 Stability or fade into FOMC minutes, let IV creep back up.
👉 Then… massive beat on earnings + guidance → they’re forced to chase.
👉 That’s your gamma detonation. That’s your gap and go.

Keep watching:
* Price > 187 = risk of gamma squeeze rising.
* IV staying over 100% = they’re still exposed.
* Volume spike + breakout = the trigger.

You're in the right lane. Now just wait for that engine to redline.