Should be another fun day tomorrow for options expiring. We hit 19.5 today and should surpass and hopefully break 20 tomorrow. Watch they will probably close it at 19.95 to 19.98 tomorrow (just my uneducated guess)!
Short volume ratio was 47.1% today with 1.1 million shares shorted on the OTC, Nasdaq and NYSE. This does not reflect share volume on some of the electronic exchanges, which I believe would show an even greater percentage from high frequency traders. If we go over 22 I believe the pain will cause the final short covering squeeze.