End of Week Update + Short Squeeze Stock

By continuing to read, you agree to the disclaimer at www.aditdayal.wix.com/disclaimer.

WHAT. A. WEEK.

Our 15 Trades for 2023 are up HUGE! In fact, in just the first 25 days on January, our largest winner is up 75% and our largest loser is only down 5%.

Absolutely amazing performance here on the Substack:

If you want to see my next few trades like that, make sure you are subscribed to the newsletter as it takes time and effort to find these winning trades:

Now, let’s talk markets.

Here’s the options flow for SPY 0.00%↑ today:

I’m seeing some traders place hedges here and I don’t blame them as we have had an explosive few days, although we are closing right at my Price Target from my weekly plan. Should we close over 4100, that is extremely bullish and shows that traders are not afraid to hold positions into the weekend.

Another thing we saw today was a huge move in highly shorted names and EV stocks, specifically LCID 0.00%↑ and RIVN 0.00%↑ . My NKLA 0.00%↑ from Weekend Wall Street also was up 15% today.

Because of this I opened a small position in EVGO 0.00%↑ . This is an electric vehicle charging stock that may squeeze because it has 41% short interest and a huge 187% cost to borrow. Remember, a high short interest and cost to borrow is a deadly combination.

If the market continues with this EV theme, this should run soon and it has a relatively small float of around 68M shares compared to LCID 0.00%↑ or RIVN 0.00%↑ .

I hope everyone had a great week, and I will see you all later.

Thanks for reading,

Adit Dayal.