$FUN The time to take action has arrived. The contract open interest peaked at 1:30 AM yesterday and then started to decline, indicating that large funds are quietly exiting their long positions in the middle of the night.

The best shorting opportunity is when you see a decrease in open interest in the morning but the price hasn't dropped much.

However, there is still an opportunity now; wait for a retracement to the previous high area, and if the contract open interest hasn't risen to the level it was at 1:30 AM yesterday, that would be a very good shorting position. If the open interest doesn't go up, there's no need to fantasize about how much further the price can rise.