The stocks of companies that could make potential short squeeze candidates continue to be the focus of many retail traders. Today, three speculative names with high short interest are jumping higher. Shares of space tourism company Virgin Galactic Holdings (NYSE: SPCE) , electric vehicle hopeful Nikola (NASDAQ: NKLA) , and hydrogen fuel cell maker Bloom Energy (NYSE: BE) all jumped today. As of 3:35 p.m. EDT:
With its share price trading around $40, it's notable that the July 16, 2021 $100 call options on Virgin Galactic had some of the highest implied volatility of all equity options today, according to Yahoo! Finance. Along with trading volume already more than double the 60-day daily average, this implies traders are hoping shares surge more than 150% to record highs in just the next three weeks.
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Why Virgin Galactic, Nikola, and Bloom Energy Stocks Jumped Today