PURR Gamma Squeeze: The Setup That Could Send the Stock to a Massive Multiple of the Underlying

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Today, Jaymes and I broke down the gamma squeeze setup developing in PURR and why call buying volume into Friday’s close was the highest we have seen to date in the name. When new information comes to light and positioning escalates, the thesis has to adjust. By the end of this, you will know the mechanics of why a gamma squeeze in PURR is now a high-probability outcome and why this remains my largest concentrated bet: Today’s Livestream: Main Talking Points1. PURR hit 13 dollars on the Hyperliquid DApp last night, and call buying volume into Friday’s close was the highest we have seen to date in the name. The call skew is rising at the same time as the price is rising, which is the signature setup for a gamma squeeze. This is no longer just an asymmetric bet on the underlying value proposition.2. The thesis has escalated to a probable gamma squeeze that pushes PURR to trade at a significant multiple of the underlying tokens. A gamma squeeze occurs when dealers are short calls and forced to hedge into rising vol by buying the underlying. With strikes only listed to 18 dollars across all expirations on a low float stock, every higher strike that gets listed compounds the squeeze pressure.3. GameStop is the cleanest historical analog and the squeeze happened in two legs. The first leg was shorts getting squeezed out, which is the smaller move. The second leg was retail piling into calls and dealers being forced to hedge by buying the underlying, which is where the parabolic move came from.4. The Russell adding Hyperliquid is the passive flow catalyst that stacks on top of the…