Options chain is setup, short interest currently at 40% (Fintel)
You could also wait for breakout confirmation, but this will minimize gains a bit.
Besides, no standard price action in these types of situations.
There's an inefficiency in price action at 17.00 to 17.20, this should get filled at some point.
So main target is 17.20, but leave a runner as option chain for Oktober is starting to build up to 17.50 as well
Options data for 17 Sept from yahoo finance:
12.5: 50k volume, 12k open interest
15: 16k volume
Thoughts?
You could also wait for breakout confirmation, but this will minimize gains a bit.
Besides, no standard price action in these types of situations.
There's an inefficiency in price action at 17.00 to 17.20, this should get filled at some point.
So main target is 17.20, but leave a runner as option chain for Oktober is starting to build up to 17.50 as well
Options data for 17 Sept from yahoo finance:
12.5: 50k volume, 12k open interest
15: 16k volume
Thoughts?