The Options Trader’s Guide to Technical Analysis
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#5 EBIX April 17.50 Calls
By John Lansing, Parabolic Options
While Ebix Inc.’s (EBIX) business might not be all that exciting
(it makes software for insurance companies), the potential short squeeze for
the stock could make for some exhilarating profits.With more than 10.5 million shares short on EBIX, there are a lot of sellers who are trying to hold the stock down. In the end, I just don’t think
they’ll be able to, and when EBIX pops, those shorts will be running for cover.My pick is the EBIX April 17.50 Calls (IFQ 100417C00017500).
This play might need some time to take off, but when it does, the profits should be explosive.
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