Ok here is the extended thread on $XL I promised.

It is pretty straight forward.

For those that are new to stocks / options (because of the influx of interest due to $GME, $AMC, $SLV, etc), here are some terms you should google:
-Short Interest
-Call option
-Open Interest

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XL Fleet short interest increased from 50% to 72% in the latest reporting (came out Friday)

That alone piqued my curiosity in the company so I took a position in some Feb calls (in my robinhood account) and will be adding more in my TD account this coming week.

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Several days ago, Biden announced that he would be replacing the entire govt. fleet with electric vehicles
https://t.co/DNNMOwq6dv

$WKHS got a massive pump on this news but that was about it.

Who are the other likely candidates? $GOEV and $XL
Why is $XL one of the top candidates?
-Partnerships with Coke and Pepsi
-Board of Director members have strong ties with UPS and FedEx
-Management team is very connected in govt. associations for clean energy in wind, solar, and EV
- $XL is focused on transforming existing FLEETS
All of this can be found on their website

https://t.co/asiC2Gd0om
Next up, is Open Interest and float. Remember, $XL Fleet only has 8.25M shares of public float. Of that, 8.6% are institutionally owned (i.e. not going to be sold anytime soon)

That means there are roughly 7.6M shares of true float available.
At 7.6M shares, it only takes 76,000 call option contracts that are in the money (the strike is less below the current trading price) to lock up the ENTIRE FLOAT. This is very similar to what happened to $GME
So here is a quick table I put together so you can quickly see the Open Interest for call options on $XL
Notice how the OI spikes MASSIVELY on the C25 and C30, with a decent bit at C20 and C22.5

There are already nearly 40,000 contracts that are In The Money. Locking up 4M shares.

Total, there are over 144k option contracts that have been sold.
The crux of this comes when $XL hits $25/share. At that point, the contracts that are in the money lock up the ENTIRE FLOAT of $XL.

And that isn't including new contracts that will be purchased on hype as it moves back up.

If this hits $25, it quickly moves over $40 . . .
As shorts cover and new buyers enter the market.

All this needs is a catalyst. And with how clean energy friendly the new Biden Administration is . . . well, that seems like a likely catalyst to me.

I am already in Feb/March calls. Will be adding to position next week.

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Rig Ved 1.36.7

To do a Namaskaar or bow before someone means that you are humble or without pride and ego. This means that we politely bow before you since you are better than me. Pranipaat(प्राणीपात) also means the same that we respect you without any vanity.

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Surrendering False pride is Namaskaar. Even in devotion or bhakti we say the same thing. We want to convey to Ishwar that we have nothing to offer but we leave all our pride and offer you ourselves without any pride in our body. You destroy all our evil karma.

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We bow before you so that you assimilate us and make us that capable. Destruction of our evils and surrender is Namaskaar. Therefore we pray same thing before and after any big rituals.

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तं घे॑मि॒त्था न॑म॒स्विन॒ उप॑ स्व॒राज॑मासते ।
होत्रा॑भिर॒ग्निं मनु॑षः॒ समिं॑धते तिति॒र्वांसो॒ अति॒ स्रिधः॑॥

Translation :

नमस्विनः - To bow.

स्वराजम् - Self illuminating.

तम् - His.

घ ईम् - Yours.

इत्था - This way.

उप - Upaasana.

आसते - To do.

स्त्रिधः - For enemies.

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अति तितिर्वांसः - To defeat fast.

मनुषः - Yajman.

होत्राभिः - In seven numbers.

अग्निम् - Agnidev.

समिन्धते - Illuminated on all sides.

Explanation : Yajmans bow(do Namaskaar) before self illuminating Agnidev by making the offerings of Havi.

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