Parabolic Squeeze: Shorting Call Options When You Can’t Short Stock in Support.com (SPRT)

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Hello Trader, Today I'd like to discuss an excellent trading setup that occurred on Friday in Support.com INC. This was a classic short squeeze. There was a relatively low float of 15.08million shares as per Finviz.com, with almost 41% of those shares short. Stocks with these characteristics (low float and high short interest) can have major moves to the upside to wipe out stubborn shorts before falling back to reality. And that is exactly what we saw: an almost 300% move in 2 days followed by a 55% sell-off in 3 hours. But what to do when there are no shares available to short at your broker due to the high demand? If the stock has tradeable options, you can take a position using call options. Click Here to read more.

Jeff Bishop

P.S. Don't Forget! We've got live training tonight at 5 PM through 7 PM ET. If you are interested in improving your stock and options skills, then hop on over to check out what Dennis Moffatt and Mike Parks have cooking up this evening. P.P.S. Tonight's training session is all about indicators, discovering how bollinger bands work, and how they can be applied to improve entries and exits for trades. At 6 PM, Mike will be schooling us on Multicollinearity, if you don't know what it is and how it messes up traders, then you should tune in.

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