Opened a long position on LAB. The rationale boils down to two critical data points. 🧐 First, Open Interest (OI) has surged to $108.1 million. Since I started tracking this chain, this is the first time OI has pushed back above the $100 million threshold. The last time OI crossed this level, LAB was trading at $7,656. 📈 Second, the Short Ratio is a staggering 65.01%. In the most recent session, it spiked by 2.92 percentage points. Today, after LAB rallied 35%, a massive wave of traders piled into shorts, betting on a reversal. 🐻 65% of traders are shorting LAB, with $108.1 million in OI. The last time this exact combination appeared, LAB hit $7,656. I don't know if history will repeat itself exactly. 🔁 But I do know this: that 65% short ratio is fresh fuel for LAB. It’s a massive pile of dry tinder, and the market only needs a small spark to ignite a short squeeze. 💥 Entry at $6.10, stop loss at $5.40, target above $7.50. Position is open. Now we wait. ⏳