jeffree
1 month ago
Look...Expiry is Today...
a Net 27,000 contracts on the PUT side will likely exercise into shares Sold...adding a chunk to the Short positions...
That's 2,700,000 shares...if all exercise...
WoW!
Puts
In The Money
Contract Name Last Trade Date (EDT) Strike Last Price Bid Ask Change % Change Volume Open Interest Implied Volatility
LUMN240621P00000500 4/26/2024 2:22 PM 0.5 0.03 0.00 0.02 0.00 0.00% 5 16,632 1,000.00%
LUMN240621P00001000 6/20/2024 3:41 PM 1 0.01 0.00 0.00 0.00 0.00% 317 21,387 50.00%
LUMN240621P00001500 6/20/2024 7:10 PM 1.5 0.43 0.00 0.00 0.00 0.00% 200 20,182 0.00%
LUMN240621P00002000 6/20/2024 3:14 PM 2 0.90 0.00 0.00 0.00 0.00% 3 7,329 0.00%
LUMN240621P00002500 6/7/2024 6:03 PM 2.5 1.21 0.00 0.00 0.00 0.00% 1 1,113 0.00%
LUMN240621P00003000 6/5/2024 5:02 PM 3 1.68 0.00 0.00 0.00 0.00% 10 97 0.00%
LUMN240621P00003500 4/29/2024 7:55 PM 3.5 2.29 2.12 2.28 0.00 0.00% 10 0 0.00%
LUMN240621P00004000 5/24/2024 7:33 PM 4 2.75 0.00 0.00 0.00 0.00% 10 13 0.00%
LUMN240621P00004500 4/22/2024 1:50 PM 4.5 3.20 3.05 3.30 0.00 0.00% 1 0 0.00%
LUMN240621P00005000 5/24/2024 7:56 PM 5 3.75 0.00 0.00 0.00 0.00% 18 0 0.00%
LUMN240621P00007000 12/11/2023 5:52 PM 7 5.60 5.20 5.65 0.00 0.00% - 0 0.00%
jeffree
1 month ago
the Jackals bragging about taking down the Share price a few pennies...hmmm
On a day when 70% of the recorded trade volumes were Short Sales...hmmm
Really...that is an accomplishment...???...hmm
Want to do something to brag about,, shorts?...Show how easy it is to Cover 145,000,000 shares...and keep the Share price from moving...
hmmmm...???
June 21, a week from this Friday... where will the SP close...???
How many PUT contracts will exercise...???...many into additional Short share positions...???
Verrry Interesting, no?
JMO
jeffree
2 months ago
I Am Watching...
and I ALMOST feel Bad....
for the Shorts...as they have positioned themselves...
on a scary, dark and dangerous, one-way street...😏
so...What kind of hedge can they have?...IF the Company does "well"...meaning surviving and "doing better than expected""...???
I don't see any amount of open interest in Call options that could even come close to offering protection...
What can they Do...but Keep Shorting...and acting like idiots on the Yahoo Finance board...???
WoW...
JMO
BTW...of Today's reported transactions, 80% of sells...were Short sells...
IF short positions were reported accurately...including Dark Pools and other "hidden" trading...possibly well over 150,000,000 shares...???...more...hmmm
jeffree
3 months ago
Something to Watch for...???...Naked/illegal shortselling...
(the Actual number of shorted shares might be a lot higher than reported...
I will defer further comment on this matter...until a later date)...
Naked Short Selling Is Technically Illegal — But It Still Happens
Though the SEC made naked short selling illegal in 2008, instances of naked short selling have occurred in the U.S since. One famous example happened fairly recently, with GameStop shares.
“The most infamous recent example of naked short selling was the GameStop saga in 2021, where traders reportedly sold short around 140% of its shares,” Turner said. “This meant that 40% more shares were sold short than existed, which is only possible with ‘phantom’ sales from naked short selling.”
What this means, essentially, is that naked short sellers deposited digital entitlements into buyers’ accounts, “which are like a promise or IOU to locate the actual shares and deliver them at some point,” Turner explained.
“However, when the short squeeze picked up steam, the lack of available shares meant that many short sellers failed to deliver these borrowed shares. This led to a parabolic rise in the share price and many trades not getting settled.”
Naked Short Selling Continues Via Loopholes
Naked short selling continues today, albeit on a much smaller scale than it did prior to 2008. Though technically illegal, the practice is able to be executed through numerous loopholes, including zero-plus agreements.
“One way that traders have been able to circumvent laws and regulations against naked short selling is by entering into ‘zero-plus’ agreements, which allow them to simultaneously enter into long and short trades,” Turner said. “This means they can offset any potential losses from naked shorting while avoiding penalties from regulators.”
Another loophole traders can exploit is called “payment for order flow.” In this scenario, brokers “receive payment for routing orders away from exchanges and into dark pools, allowing them to bypass certain rules or restrictions on their trades,” Turner explained.
“This can make it more difficult for regulators to detect cases of illegal naked shorting since trades are routed away from exchanges, thus making the transactions more difficult to trace.”
Yet another fast one traders can pull is to employ multiple entities (e.g., offshore accounts) that disguise their activities so as to not raise suspicion from regulatory agencies.
“For example,” Turner said, “if an entity enters into a complex network of contracts spread out over several countries, investigators will likely have difficulty tracing back all the interlinked accounts involved in a single transaction.”
Naked short selling, when carried out, however deviously, is a generally negative occurrence that can upset and confuse the market.
jeffree
5 months ago
"The Mysterious Case of The Short Who Stayed too Long"...???
so...I have an imagination...and thinking about "that position"...it hurts my brain imagining being part of 146,000,000 shares short...and the next Earnings report is about 7 weeks away...I suppose it would be nice, for them, if they could cover shares before then..but...not so easily done...especially since they are "keeping up the strategy" of shorting on a daily basis...
wow!
1st Quarter Earnings Announcement Expected: Earnings will tentatively be announced 04/30/2024 after market close. With 5 analysts covering LUMN, the consensus EPS estimate is $0.01, and the high and low estimates are $0.05 and -$0.05, respectively.
Stay tuned, sports fans...
abrooklyn
6 months ago
Lumen is first in the industry to achieve a Wi-Fi CERTIFIED 7™ device
Source: PR Newswire (US)
Custom-developed device provides Quantum Fiber customers with next-gen Wi-Fi® experience
DENVER, Jan. 8, 2024 /PRNewswire/ -- At the start of the Consumer Electronics Show (CES) 2024, the Wi-Fi Alliance® announced Lumen Technologies (NYSE: LUMN) has received Wi-Fi 7 certifications for two wireless devices. Lumen is the first company in the industry to achieve a Wi-Fi CERTIFIED 7™ device with its custom-developed solution. Lumen designed its devices for its Quantum Fiber residential and small business customers to deliver faster speeds and better coverage than Wi-Fi 6/6E.
Lumen is the first company in the industry to achieve a Wi-Fi CERTIFIED 7™ device
"We are proud that our Wi-Fi 7 devices are the first certified by Wi-Fi Alliance," said Maxine Moreau, Lumen president of Mass Markets. "This demonstrates our commitment to deliver the best Wi-Fi solutions to our customers as we continue to innovate for growth. Our Wi-Fi 7 devices offer faster speeds than Wi-Fi 6/6E, low latency, and amazing coverage allowing users to enjoy the next generation of Wi-Fi applications and services."
Wi-Fi Alliance certified two Lumen Wi-Fi 7 devices:
The W1700K is a desk or wall mount device that covers 90% of homes with higher data capacity than Wi-Fi 6/6E. It provides reliable and secure Wi-Fi 7 connectivity throughout the home or office.
The W1701K is a fully compliant wall plug-in device that extends the Wi-Fi 7 coverage throughout larger areas of the home or business to reduce dead zones.
Lumen's solution includes MediaTek's Smart Link-Dispatch technology, an advanced QOS/QOE feature built into the Wi-Fi radio, enhancing application performance with high-bandwidth and low-latency traffic in real-world settings.
Lumen's Quantum Fiber Wi-Fi 7 solution is an FCC 6GHz Standard Power (6SD) class device. The 6SD equipment class enables higher transmit power for increased data throughput or twice the range as compared to the theoretical indoor standard (6ID). With the 6GHz channel and the higher power setting, these devices wirelessly unlock the full power of the Quantum Fiber high speed product up to 8 gigabits per second, helping to enable higher data rates throughout a home or business.
Both devices also support cloud-based Digital Twin technology and use the carrier grade OpenWRT standard with Wi-Fi EasyMesh™ and prplMesh enabling real time orchestration and advanced device management capabilities.
Quantum Fiber installed its first customer Wi-Fi 7 device in December. Wi-Fi 7 will be available to new Quantum Fiber customers later this month. Quantum Fiber is available to homes and small businesses in parts of 16 states.
Lumen will showcase its new wireless technology at CES in the Smart Home section #35-209.
For more information about Quantum Fiber and Wi-Fi 7 go to www.quantumfiber.com/wifi7.
Wi-Fi CERTIFIED 7TM is a trademark of Wi-Fi Alliance®. Wi-Fi® is a registered trademark of Wi-Fi Alliance®.
Additional Information:
The benefits of Quantum Fiber's unique Wi-Fi 7 capable devices:
Superior Coverage: One device covers up to 90% of a home based on square footprint, significantly reducing the need for additional nodes.
Multi-User Capability: Supports multiple users and gigabit bandwidth demands with 2.4GHz, 5GHz, and 6GHz radios working together for high-speed data transmission, minimizing the need to run ethernet cable throughout home.
Latency and Speed: A significant improvement from Wi-Fi 6/6E technology, offering less than 3 milliseconds of latency and seamless integration with Quantum Fiber's multi-gig network with symmetrical speeds up to 8 Gbps.
Customer Experience: This Wi-Fi 7 device is part of Quantum Fiber's 360 Wi-Fi capabilities and is fully integrated and controlled through the Quantum Fiber app. The app will unlock advanced parental controls, Wi-Fi performance diagnostics, and includes a first-rate security suite.
High-Performance Applications: Ideal for bandwidth-intensive applications like 8K video streaming, cloud gaming, virtual reality, and large multimedia file transfers.
Advanced Technology: Contains a built-in GPS chip, enhancing 6GHz range performance in line with upcoming FCC specifications.
Cloud Based Digital Twin enabled: Built on carrier grade Open WRT standard with EasyMesh & prplMesh with real time orchestration and advanced level of device management.
Previous Announcements:
Lumen introduces a custom-built Wi-Fi 7 capable device for Quantum Fiber customers - Dec 29, 2023
Lumen Technologies' Quantum Fiber brand to deliver a disruptive and groundbreaking Wi-Fi 7 device - Oct 17, 2023
About Lumen Technologies:
Lumen connects the world. We are igniting business growth by connecting people, data, and applications – quickly, securely, and effortlessly. Everything we do at Lumen takes advantage of our network strength. From metro connectivity to long-haul data transport to our edge cloud, security, and managed service capabilities, we meet our customers' needs today and as they build for tomorrow. For news and insights visit news.lumen.com, LinkedIn: /lumentechnologies, Twitter: @lumentechco, Facebook: /lumentechnologies, Instagram: @lumentechnologies, and YouTube: /lumentechnologies.
Lumen Logo (PRNewsfoto/Lumen Technologies)
Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/lumen-is-first-in-the-industry-to-achieve-a-wi-fi-certified-7-device-302028268.html
SOURCE Lumen Technologies
Copyright 2024 PR Newswire
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