**Krispy Kreme, Inc. (NASDAQ: DNUT) went public in the beginning of the , July 1 2021 under the ticker “DNUT”. They listed 26,666,667 shares of Common Stock which is** ***pretty small float.***
Over 1.5 billions donuts sold in 2020 year.
This is actually their second public offering. They went private a few years back and are now public again under the new ticker (DNUT) which is such a meme ticker symbol already in itself.
**Key Points to jump in for a potential rally:**
* On July 6th, there was almost 100 million in insider buys from the chairman and other parties
* More people are inclined to short and buy puts on this stock. Yesterday the **sampled short volume was over 55%**. Increasing each day. Essentially even though the price is rising, shorts are doubtful and doubling down against the stock
* IPOs tend to surge first before correcting to a more fair value (SEE: DASH, ABNB, etc.)
Positions: 7/6 20C, 8/20 20C will update after market close