When the world gets back to normal, you have to believe people will be itching to get back on the road and start traveling again. There are a number of industries that will benefit from this, of course.

And one stock from a beaten down sector in 2020 is making new all time highs right now! This is the kind of trade I want to get into.

We're getting long oil.

There I said it. Now I'm going to go hide behind my oil derrick while the EV bros throw their rechargeable batteries at me.

Don't hate the player, hate the price action.

In lieu of our regular monthly options conference call to kick of February, as promised, here is a recording to the latest Members Only All Star Charts Conference call, hosted by JC Parets.

When semiconductor stocks are making all-time highs, I always pay attention. And when they also appear on the All Star Charts Young Aristocrats scan? Well, pass the gravy. Daddy's ready to eat!

Like many people, we've been geeking on short squeezes lately. There's been so much action in heavily shorted names.

Pity the fools who are shorting stocks that are at or near all-time highs. If they want to try to be Heroes, be my guest. But we're smarter than that. We'll use these hurting shorts as fuel to catapult our trades higher. I recently got into Live Person $LPSN and Rackspace $RXT -- both of which are working. And I'm hungry for more.

The team recently put out a special Big Cap edition of the Under the Hood Report that offered a bevy of setups in household names we all know and love.

And a company with a market cap measured in Trillions (with a capital T), is quietly setting up beautifully with volatility near the lowest levels of the year.

Stocks getting squeezed are all the rage these days, and rightly so. Some of the moves have been epic. The reasons for each squeeze vary from stock to stock, but the price action is hard to ignore.

With that in mind, we've identified some potential short squeezes that also have the benefit of the technicals lining up in our favor. Check out our recent Freshly Squeezed report.

One of the names on the list looks like it's ready to go...

As February gets under way, it’s time to review positions with February options that remain open (haven’t already hit profit targets or been stopped out). This month there isn't much to discuss as most of our February options trades have already been closed out thanks to hitting their profit targets or getting stopped out.

Most trades I put on for All Star Options tend to have a minimum duration of 30 days (short premium plays) and often as long as 6-8 months (for long premium plays). As options approach expiration, greeks like theta and gamma start to become my enemy and whipsaw my P/L. Therefore, as options and spreads get into the expiration month, my best practice is to put each position on notice — it’s time to take action.

At the time of this writing, I've only got 2 remaining positions with Feb options.

In the scoreboard below I denote the date we exited each position:

JC and I conducted a great options webinar last night, attended by well over 500 people. It was a fun opportunity me to lay out some of the core options strategies I employ on a regular basis to make trades in a variety of trading environments. And the questions we received from the audience showed that they were engaged and enthusiastic, which makes it great for everyone.

Options volumes on US exchanges have been exploding in recent years as investors and traders are waking up to the power and flexibility that trading options provides. And our event last night was a reflection on that.

Anyway, at the conclusion of our call, JC teased a trade out of me I had not yet put on but was considering entering.

During a quick perusal of ETFs today, I noticed some extremely rich volatility being priced into options on the Retailers ETF $XRT - which isn't entirely surprising given the price action over the past week.

While volatility can certainly continue here, my gut tells me the premiums will fade away soon. Implied volatility is driven by fear and greed, but eventually the marketplace adjusts to the "new normal" and the premiums people will pay for volatility they are now used to will subside. This is where it can be advantageous to put on delta neutral credit spreads.

Earlier this week, the All Star Charts research team did a deep dive on China stocks. Say what you will about the political tension between our two countries, we speculators only care about where money can be made. And when it comes to China, using options to define our risks makes so much sense here.

One of the stocks highlighted is in the hot electronic vehicles space that has me interested.

Things are getting crazy out there. But this post isn't going to be about all the deadwood companies whose stocks are getting short squeezed. I'm looking at some of the biggest names showing signs of breaking out and this is something investors should not ignore. We got into Google (Alphabet) recently, and this might be a double-down of sorts, but now we're eyeing another mega cap.