With the 167.05 rally target in mind (see inset), let’s see if we can make some money on the felicitous side of this short squeeze. I’ll recommend buying the October 31/October 24 167 calendar spread 40 time for 0.20. Make the order contingent on DIA trading 163.40 or higher. The price I’ve suggested is pretty niggardly, but we can adjust it on-the-fly if necessary. Nimble pivoteers might want to attempt legging the position on by starting with the long side. If you can get the spread for less than 0.20 this way, you should do it up to 100 times. You can also try to leg on vertical spreads with Oct or Nov weekly calls as the long piece of it. Please let me know in the chat room if you fill the order, so that I can establish a tracking position. Also, be aware that this play is somewhat more speculative than my usual target play, since the midpoint resistance has yet to be exceeded.
