Trade Ideas
UOA PRO New Trade Idea AAOI 7-21
6,000 24July 125 calls mostly bought for 1.60-2.15 above open interest of 851 contracts. Stock 109.09-112.07.
New Trade Idea
Ticker: AAOI
Stock: 111.62
Trigger: 112.30
Expiration Date: 31JUL
UOA: 6,000 24July 125 calls mostly bought for 1.60-2.15 above open interest of 851 contracts. Stock 109.09-112.07.
AAOI $110.40 Last.
Large front week OTM call buy. When this stock moves, it moves. After getting smashed from > $234 per share to < $92 per share in just over just over 2 months time, this could certainly deliver a sharp dead cat or more IF the market can pull out of its own recent tailspin.
Trigger: $112.30, today’s current high.
Strategy 1: Consider the AAOI 31July 113.00-133.00 call spread for $6.35 projected at trigger level today. Uncappable. Adding time to allow for great push potential as utilizing a vertical in either case.
Targets: 114.41, 117.74 (15 SMA currently), 122.21, 124.24 (20 SMA currently), 127.01, 135.69