Seadrill was put on my radar list due to its large spike which occurred on Thursday Mar 3.  On Friday  March 4^th  stock continued to spike with a high of 7 on the day which was not held for any significant time . The next intra day spike was 6.5 and signified that the stock may be trending downward. The stock  seemed to form a base of 6 the following day on low volume and never tested any highs from previous day, this signified that stock may have run out of bull steam and that sideways or down was on the horizon.  These chart patterns  coupled with the fundamentals of the company being weak (it was noted as the worst company in the stock market by the street.com a few weeks earlier). Fundamentals had not changed beyond the flimsy  positive spin which created the 3 day spike. Notably the increased price of oil (which doesn't effect drillers in the short term) and the article speculating on refinancing and capital introduction from the ceo to save the company from imminent demise.  All of these things coupled with shorts getting out of the stock (mostly on Friday) creating a short squeeze which spiked the stock and volume but cant be sustained typically. For all these reasons I shorted the stock by using the sale of Call options