The quantity of shares that have been sold short and are still on the market is known as the short interest. If they believe the price will fall, traders would often borrow shares of stock and short sell an asset. Afterward, the investor sells these borrowed shares to buyers who are prepared to pay the going rate. Short interest frequently serves as a gauge of market sentiment. When short interest rises, it frequently indicates that investors have become more negative, while a decline in short interest indicates the opposite.
The market has been range bound for the last few weeks with volatility on the decline, and earnings all over the place. So where to go to look for a trade? Nike has already had Earnings and is near a low of the year, so seems like a good option. As a contrarian that can mean only one thing to me: I have to make a trade with the assumption it will go up from here over the next 45ish days. We will do that by making a Long Call Vertical trade to bet that it starts to head up over the next couple months. For more on my trading and how to join me in real time, see below. Watch the video to get the details. Kal Trading Risk Disclaimer All the information shared in this video is provided for educational purposes only. Any trades placed upon reliance of SharperTrades.com are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, commodities, options and forex, there is also substantial risk of loss. All tr