Don here...
Someone bought 15,000 call option contracts on Coreweave today.
Brandon Chapman caught it in real time and traced the exact price target those contracts are pointing to.
The S&P 500 is pressing against 7,000 for the third time. It gapped lower at the open and rallied back throughout the session. The VIX dropped to 17.31 but never fully unwound from last week's spike.
Brandon flagged something more important than the index level. Short interest has been building across the market in recent weeks, and that creates fuel for a very specific kind of move.
He walked through two names in tonight's video where aggressive call buying is colliding with elevated short interest.
The first was IRNT, a data center stock that sold off from $65 to $36.50 before reporting earnings last Friday.
Someone bought 4,800 contracts of the February 13th $46 calls in a single trade.
IRNT broke through $44 today and tested $46, up 11% on the session. Brandon sees a 50% to 61% retracement targeting $53, with a break above that opening the door back to $63.
The second was Coreweave. Two separate trades today pointed to $23 as the target price by early March.
One was a straight purchase of 15,000 contracts at the $23 strike. The other was a spread buying the $19 calls and selling the $23 calls. That $23 level lines up exactly with the stock's prior high.
Brandon's squeeze screening tool narrowed 1,398 candidates down to 44 names with elevated short interest and aggressive call buying today. Here are the key findings from tonight's video:
-
IRNT has 19% of its float shorted with 4,800 call contracts bought Friday at the $46 strike, creating gamma pressure that fueled today's 11% rally.
-
Coreweave saw 15,000 call contracts bought at the $23 strike for March 6th expiration, targeting its prior high with earnings still ahead.
-
RIG led all squeeze candidates with 28,000 option contracts traded today on a high short interest energy stock.
-
Rumble carries a 7.61 day short ratio on 19 million shares short, meaning average daily volume cannot absorb any meaningful short covering.
Brandon's thesis is straightforward. If the market is going higher from here, the catalyst will be short squeezes fueled by aggressive call buying. The names with the highest squeeze potential are where the real upside lives.
Click here to watch Brandon break down each squeeze setup and the option flow behind them
Don Kaufman
Chief Market Strategist, TheoTRADE
P.S. That 1,398-to-44 filtering Brandon did tonight? That's not manual. It's his Surveillance Console doing the heavy lifting in real time.
Same system that flagged the PLUG calls before the 56% rip. Same one that caught IONQ's 18,000-contract print days before a 75% squeeze.
Brandon runs it live every morning at 11:30 AM ET in Ghost Prints. The console is still included with membership, but it's about to be sold separately at a higher tier.
👉 Get access to the console before it's pulled from the bundle →
Post a Comment
Post a Comment