Shares of $FIT trading up over 12% today, at the expense of the half of the float that held short.
The profile on this stock is incredible:
My other high short interest trade from yesterday is no slouch either. $CMCM up 13% here as well.
***A QUICK PROGRAMMING NOTE FOR After Hours with Option Addict TODAY***
It slipped my mind that I have an important appointment after the close, but it would have required me to leave a little early. Rather than cut the meeting short, I am opening the session and starting immediately after the close. For today only, please plan on meeting at 4PM ET rather than 4:30PM. Thanks for your understanding.
OA
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In the realm of transport, that $ALK looks very nice on a weekly chart.
Last month I posted my garbage portfolio on RC’s blog.
FIT—TWTR—GPRO—CMG
VALE +2.62 on news of selling down debt to SLW. And VALE is highly leveraged so unless they have trouble selling more assets they should continue to climb as they unlimber their portfollio.
VALE – Bullish option flow detected in Vale (5.79 +0.25) with 21,709 calls trading (2x expected) and implied vol increasing almost 2 points to 60.66%. Aug $6 Calls and Sep $6 Calls are the most active options, with total volume in those strikes near 18,300 contracts. The Put/Call Ratio is 0.14.
Damn, I missed this one.
I know the market is being traded as a market of stocks, but you cats think $340 is a realistic target on the $IBB?
Let’s say you didn’t get a response to this…how would you proceed?
Let’s say you did get a response to this, will it change how you stare at it?
I would stay long biotech regardless, good point. I have a $340 target on $IBB. Appreciate the response.
I’m pretty heavily loaded in $LABU as I play some catchup.