A SELL WALL REPRESENTS THE NUMBER OF SALES OF SHARES BETWEEN CURRENT PRICE AND A SET PRICE IN THIS CASE 350. WHEN THE PRICE GETS TO 350 IT CAUSES THEM TO COVER MOST OF, IF NOT ALL OF THE OPTIONS WITH A 350 STRIKE PRICE. THEY COVER BY BUYING SHARES, WHICH INCREASES THE PRICE. IF THE PRICE INCREASES ENOUGH TO SEND MORE CALL OPTIONS INTO THE MONEY, IT CREATES A CASCADING EFFECT CALLED A GAMMA SQUEEZE. AND IT GOES TO THE MOON.
YOU BREAK SELL WALLS BY BUYING IN VOLUME. 15K WAS NOT A HUGE SELL WALL EARLIER THIS WEEK, BUT SINCE VOLUME IS DOWN NOT ENOUGH SHARES ARE BEING PURCHASES. 15K SEEMS LIKE ALOT BUT IT ISN'T.