Simon: Speculation Play - Nile Call

Possible short squeeze play in the works for Blue Nile. With so much short interest and a good looking chart, once Nile moves up, you can be sure that the short covering will race in and skyrocket the stock.

Check out the "Short Interest Ratio" of 11.2...thats crazy high. 5 is concidered a high ratio and on average, most companies don't even break 2.
Also look at the "Short % Increase"...the shorts have increased 13.07% ! thats huge!

Huge Volume at the 55 calls and puts for this month. Whats going on? Huge straddle play going on. I won't be surprised to see news coming out of NILE in the coming days.

MACD is looking up, relative strength is great as of late compared to the S&P, and best of all, it has risen above the 50EMA plus the 20 and 50 EMA are starting to rise.