High & Tight is a bears Nuance
High & tight pennant off that 20dma, which has been significant the whole run up. Options are fairly priced in the 17th percentile of its 52wk range. Shares are trading above the 2012 high and double the March 2020 low. Large call open interest at the 29-strike expired Friday giving room to run. Short-interest is also at a 3-year high and looks ready to roll over. We're long the Oct 28c's from Friday afternoon.
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