Right now we're sitting around that critical $80 breakout zone. If we clear this level with conviction, there's a ton of room for upside. My target? That swing is around $90. When you factor in that short interest waiting to unwind, a clean breakout could turn explosive fast. Short covering can accelerate these moves in ways that catch everyone off guard. And the potential upside can be massive if you throw on some "lotto" trades. The Play Structure I'm looking at the September 19th calls slightly out of the money. If this thing starts running and the shorts get squeezed, those calls could move fast. If you want something more conservative, the $75 calls give you more time value. But honestly? With that short interest sitting there, I like the aggressive approach. What I'm Watching For The ideal scenario is a pullback, then a break above resistance with volume. That's your confirmation this base breakout is real. But here's the thing - I'm willing to chase this one a little if we get a clean break above $80. When shorts start covering, waiting for the perfect entry can cost you the entire move. Your Action Plan Strong earnings, massive short interest, multi-year base breakout potential. W has all three boxes checked. Not only that, but this thing traded higher yesterday while the overall market was weak. If the short squeeze kicks in beyond that initial $90 target? We could see something much more explosive. And that's exactly why you need to join me for the 10X Lotto Trade Summit this Wednesday, August 27th at 2 PM ET. Because setups like Wayfair are PERFECT for the "lotto trade" strategy I'll be demonstrating LIVE. While most traders chase these moves with expensive stock positions... I'll show you how to capture the same explosive potential using trades under $2. The kind that turned my $37k into $2.7 million over 4 years. Reserve Your FREE Spot Here Plus, I've got intel on Friday morning that could be even bigger than this Wayfair setup. Don't miss it. |
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