Here is a trade we did last week in $OCLS. We do this type of short often after a press release causes a stock to go up into the stratosphere. $OCLS was one of those stocks that was up 200%+. We actually tried the stock long for a minute and when it didn’t hold we immediately flipped it to a short. Once we saw the way the stock was acting and how it couldn’t hold any pops, the bias goes from the long side to the downside and we can scale into the stock for the big rip.
If you have any questions, I’m always here to help out! Email me – kunal@bullsonwallstreet.com
