If we have the setup, I would use a bullish call spread with a November expiration.
With the stock rallying, shorts were forced to cover, which pushes NKLA higher, causing more coverage.
Here's how I'd play it if we close above breakout levels.
The downside should be limited to even less than the max risk associated with the trade.
Here's how I'd play it into earnings.
We'll witness some action in Suro Capital, which has an ownership stake dating back to when Palantir was private.
I believe this is just a pause before go back in the green.
Times like this, I'll turn to old, underperforming favorites -- such as Rackspace Technology.
I don't see volatility issues for Insurance Acquisition Corp., which is set to vote on its merger with Shift in mid-October.
We saw with Net Element the danger of leaving a position before it's ready to run; now let's scope out Perceptron.