PRTS is forming a nice pullback (on decreasing volume) after a big jump due to their announcement on increasing EV parts. IV has jumped substantially so people are anticipating a big move from here. A jump to the mid to lower twenties is my pt.
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Looking good so far. There was a big option order for Feb 19 25c today as well.
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Also note that the last reported short% was 40+. A big break to new highs can trigger some shorts to cover.
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Selling half of my position here.
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Sold half again. Going to let this ride with a stop below the 50ma on the 15m timescale.
Trade closed: target reached