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OptionsRising

Swing calls for squeeze up - short term trade

Long
Cassava Sciences, Inc. (NASDAQ:SAVA)  
OptionsRising Updated   
NASDAQ:SAVA   Cassava Sciences, Inc.
Technical Indicators Chart Patterns Trend Analysis
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indicator chartpattern trendanalysis
Some options activity has been noted today with IV increasing. There is a bit of short interest on this stock. RSI and stochastic need to move up and this recent dip has consolidated and may lead to a quick bounce.

I bought a few weekly 20 calls with stock under 20. Even a short term rally to the daily 20MA will multiply the options nicely.
Comment:
One note of caution - I initially saw 30 May ER date but my broker says today, and I see different dates online.
Trade closed manually:
Took profits >100% on this opening move up. Keeping a few to run more with stop and sell targets set.
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