LFVN held above $9 on a down-market day, with Reddit users noting the stock bounced off that level multiple times.
Traders on r/Shortsqueeze described a pattern of higher highs and higher lows, suggesting building momentum for a larger move.
Lopsided options chains were cited as a potential catalyst for a gamma squeeze, with some posts targeting $20.
Lifevantage Corporation (
The $9 Level as a Line in the Sand
Multiple posts on r/Shortsqueeze noted that LFVN “successfully defended” $9, a level the author had been watching closely. One user wrote that the stock “comfortably stayed above $9.50” and ended green while the broader market was red, attributing the resilience to coordinated buying from the community. The same post observed that the stock is “continuing to put in higher highs and higher lows,” a pattern the author sees as a precursor to a bigger move.
Another post on r/smallstreetbets echoed the sentiment, stating that “$9 was tested. $9 was held,” and that the stock’s ability to hold that level suggests strong buying interest. The author expressed hope that next week would bring multiple green days, breaking through $11 and turning $10 into support.
Squeeze Thesis in Focus
A third post on r/Shortsqueeze laid out a two-front squeeze thesis: shares lock the float, while options force pressure on market makers. The author argued that lopsided options chains—with far more calls than puts—create liability for market makers, who must then buy shares to hedge. “If the pressure ATM or ITM continues to grow,” the post warned, “we could really force Gamma to force market makers into scrambling for shares.” The post set a $20 price target, suggesting that a squeeze could unwind from both shorts and market makers covering open interest.
The sentiment across the five r/Shortsqueeze posts was overwhelmingly bullish, with an average sentiment score of 0.85. The stock’s overall sentiment on Reddit was 0.79, placing it among the most positively discussed tickers of the day.
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