ESSC is a de-spac derivatives fueled nightmare

Float is low as part of a de-spac merger lockup being postponed. Something like 370k shares are outstanding. The Jan 21 strikes show an open interest of 1.7m shares. This is a market-makers nightmare. This is in play for up to two more weeks, keeping an eye on the order-book and watching volume spike identifying covering to determine an immediat exit. Expect cumulative volume to be greater than the open interest in the options chain less a margin for daily volume.