Dan Passarelli, CEO - Market Taker Mentoring

⇐click the image to view the video 

Here's one of the biggest moves that we've come across over the last couple of days. It was in Revlon, symbol: REV.

Take a look at a chart of Revlon. And as you can see, yesterday: holy cow. We had a huge move from down in the low four dollar handle all the way up, almost kissing $10. And we crossed that area today. So what exactly happened here?

Well, this is a short squeeze, but it was a short squeeze that had a little bit of a catalyst. The catalyst here is that a bankruptcy judge is allowing Revlon to proceed with a $1.4 billion loan. The stock, of course, is heavily shorted out of thinking that the stock is going into bankruptcy. And I guess a lot of the thought there is that maybe this $1.4 billion can help them avoid such a fate. There's a lot of back and forth and details involved in this.

I highly encourage you to look it up. And, of course, if you're an Option Raider user, you would have seen this today or yesterday. And I want to keep an eye on it. Folks who bought calls could have got an extremely leveraged profit on the move over the last couple of days, so keep an eye on it. Really hope that helps.