Trade Ideas
UOA PRO New Trade Idea APO 8-17
9,000 16October 125 puts bought for 2.87 above open interest of 108 contracts; 9,000 16October 110 puts sold for 0.62 above open interest of 1,524 contracts. Stock 137.62.
New Trade Idea
Ticker: APO
Stock: 137.81
Trigger: 134.99
Targets/Resistance: 131.31, 128.64, 126.64
Expiration Date: 18SEP
UOA: 9,000 16October 125 puts bought for 2.87 above open interest of 108 contracts; 9,000 16October 110 puts sold for 0.62 above open interest of 1,524 contracts. Stock 137.62.
APO $136.41 Last.
Large Oct. OTM put spread buy. Stock had jammed on and post EPS but as we discussed earlier today in webinars, yellow and orange flags went up for us this morning re: this market. We were at DEFCON 4 coming into the week to begin with but the early rally faded very quickly and thus bears are needed. Charts were looking better but something may be lurking out there that has a buyer’s strike underway in this market.
Trigger: $134.99, 10 SMA currently.
Strategy 1: Consider the APO 18Sept. 135.00-125.00 put spread for $3.50 projected at trigger level today. Starter Kit Put Vertical. Uncappable.
Targets: 131.31 (15 SMA currently), 128.64 (20 SMA currently), 126.64 (50 SMA currently)