Trade Ideas
UOA PRO New Trade Idea BTG 8-5
10,000 07August 4.50 calls bought in one order for 0.05-0.10 above open interest of 430 contracts. Stock 4.06-4.09.
New Trade Idea
Ticker: BTG
Stock: 4.09
Trigger: 4.12
Targets/Resistance: 4.37, 4.61
Expiration Date: 14AUG
UOA: 10,000 07August 4.50 calls bought in one order for 0.05-0.10 above open interest of 430 contracts. Stock 4.06-4.09.
BTG $4.09 Last.
Large front week “OTM” call buy of penny calls. EPS is looming, TOS has it as 8/6 after market close. The group has responded lately to the upside on EPS so one to look into to try to connect some dots. $4 stock so not sure how far it can run but perhaps it pop nicely on a percentage basis IF the Gang wants to deliver a bullish reaction.
Trigger: $4.12, today’s current hight but some may simply want to “be in” a postition regardless of the trigger level.
Strategy 1: Consider the BTG 14Aug. 3.50 calls for $0.65 projected at trigger level today. Many ways to go with EPS positioning but this is serving as the placeholder for this one.
Targets: 4.37 (100 SMA currently), 4.61 (200 SMA currently)