Shares of Lumber Liquidator (LL) closed Thursday's session at $16.42, up $1.84, and could experience a continued surge higher. The short-interest is huge and once a rally begins, a squeeze is on.
The October 17 calls (LL151016C00017000) closed at 50 cents and can be used to play a possible surge past $20. These options expire next Friday so we would only recommend playing these calls for a few days.
The November 20 calls (LL151120C00018000) closed Thursday's session at 75 cents. These calls have over a month before expiration.
We like both options to play a continued parabolic move higher in shares of Lumber Liquidator.