Not much good in the stock market today as the selling pretty much began as the bell rang. Take a look at the breadth and you can see the decline as the day wore on. The volume today was anemic and that is becoming the norm now for Mondays. Not sure if that will remain
ADS Short Squeeze (call backspread)
$ADS has over 33% of its float shares short and is approaching multiple areas of resistance as it climbs higher. The biggest level of resistance would be the downward trending 200 SMA which is currently at $44.65. The risk you run of shorting such a setup, either with stock or buying puts, is that the