Trade Ideas
UOA PRO New Trade Idea ASTS 8-5
20,000 07August 75 calls bought in mostly one order of 10,000 for 0.40 to 0.63 above open interest of 4,776 contracts. EPS 08/10 after close. Stock 68.26-68.81.
New Trade Idea
Ticker: ASTS
Stock: 68.81
Trigger: 70.31
Expiration Date: 14AUG
UOA: 20,000 07August 75 calls bought in mostly one order of 10,000 for 0.40 to 0.63 above open interest of 4,776 contracts. EPS 08/10 after close. Stock 68.26-68.81.
ASTS $68.56 Last.
Massive front week OTM call buy transacts but EPS are early next week???? Pre-EPS run about to commence? Will “other” news launch it? Possible double-bottom may have completed last week and the stock, which was more than halved from May through July, has bounced back over the past few sessions. Have to prep now in case news sparks a pre-EPS run.
Trigger: $70.31, yesterday’s close.
Strategy 1: Consider the ASTS 07Aug. 71.00 calls for $2.15 projected at trigger level today.
Strategy 2: Consider the ASTS 14Aug. 71.00-91.00 call spread for $4.40 projected at trigger level today. Uncappable. Many ways to go with EPS positioning but this is serving as the placeholder for this one. This Strat option is for daredevils that want to “be in” for the EPS Reaction to experience the thrill of victory or the agony of defeat.
Targets: 73.21, 73.95, 76.68, 79.77 (50 SMA currently), 81.99 (100 SMA currently), 85.62, 88.86, 90.94