Trade Ideas
UOA PRO New Trade Idea APA 8-18
10,095 16October 45 calls bought for 1.64 to 1.70 above open interest of 626 contracts; 10,095 16October 55 calls sold for 0.23 to 0.18 above open interest of 19 contracts. Stock 42.04.
New Trade Idea
Ticker: APA
Stock: 42.04
Trigger: 42.14
Targets/Resistance: 42.99, 43.96, 44.05, 45.66
Expiration Date: 11SEP
UOA: 10,095 16October 45 calls bought for 1.64 to 1.70 above open interest of 626 contracts; 10,095 16October 55 calls sold for 0.23 to 0.18 above open interest of 19 contracts. Stock 42.04.
APA $42.07 Last.
Large Oct. set OTM call vertical. Charts have turned to bullish here. Starting to get a little ST OB but aside from that, and maybe needing a pullback, this is acting well.
Trigger: $42.14, today’s current high.
Strategy 1: Consider the APA 11Sept. 41.00 calls for $2.35 projected at trigger level today.
Targets: 42.99, 43.96, 44.05, 45.66