Hey trader,
Two big call buys in TIC Solutions. Inc (TIC) caught my eye:
Compare the open interest to the volume of these transactions and you’ll understand why they stood out.
With January expirations, the buyer gave themselves plenty of time for today’s +8% move to continue.
TIC carries 15.5% short interest, meaning about 1 out of every 7 shares have been sold short. That creates conditions for rapid buying driven by a short squeeze.
The stock only has monthly options. Fortunately, they’re not very expensive. You can pick up those same January $10 calls for around $0.65 or the $12.50 calls for $0.20.
This stock’s all-time-high sits around $15. Don’t be surprised if get enough buying to send us through there.
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Take care,
Brandon Chapman, CMT
Creator of Ghost Prints
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