Trade Alert: Top Names + Short Squeeze
Bullish options trades on one of our top names and on a short squeeze candidate.
A Top Name And A Short Squeeze Candidate
We’ve got two bullish trades today, one is on a crypto-related stock where more than 30% of the float has been sold short. So many shares have been sold short that there are apparently only a handful left to borrow. If we get a bounce in crypto over the next few months, those short sellers could be forced to buy back there shares, driving a squeeze in the stock.
Our other trade for today is one of our top ten names from last night, another Chinese ADR. This one has pulled back about 40% from its highs this year, but is positioned to benefit from the Chinese government’s stimulus policies this year.
The maximum upside for both of these trades is uncapped. The maximum downside is a 100% loss for both of them.
Details below.
Today’s Short Squeeze Trade
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