"Playing short floats like KSS can be a great way to profit off massive squeezes." Nate Bear, Lead Technical Tactician, Monument Traders Alliance It's Black Friday, and I don't know about you, but the turkey hangover is in full effect. To keep with the spirit of the holiday, I'm not looking to manage any specific trades today. However, there's one company I'm watching for next week that I believe is about to explode. Kohls (KSS) is a recent earnings winner, and it also has a 27% short float. As you'll see in the chart above, it got its big pop after earnings. Plus, its 27% short float means the party could just be beginning. If you're unfamiliar with how short floats work – short floats are percentage of traders short-selling the shares – meaning they think the stock is going to go down. But when it does the opposite and goes up – like KSS is here – it means the shorts have to rush and buy their shares back to close positions. This buyback can create a ton of demand which drives the price even higher. Like adding more kindling to an already burning fire. That potential explosive move is exactly what I'm seeing set up in KSS right now. I'll be looking to go with options on KSS next week. | 
0 Response to "I’m Watching This Chart During My Turkey Hangover"
Post a Comment