Trade Ideas
UOA PRO New Trade Idea BULL 8-14
4,000 21August 9.50 calls bought in mostly one order for 0.06 above open interest of 1,459 contracts. Stock 7.97-8.02.
New Trade Idea
Ticker: BULL
Stock: 8.03
Trigger: 8.15
Expiration Date: 21AUG
UOA: 4,000 21August 9.50 calls bought in mostly one order for 0.06 above open interest of 1,459 contracts. Stock 7.97-8.02.
EPS est. 8/19 AMC per TOS.
BULL $8.05 Last.
Moderately sized front month OTM call buy of super $ cheaps just in front of EPS Week. Charts definitely changing for the better here as stock is now > all SMAs again with many now upsloping and above the 200. There’s a little runway prior to EPS so this could put a decent pop together in a supportive market but as we nearly always note with EPS, once on the doorstep, the reaction is anyone’s guess.
Trigger: $8.15.
Strategy 1: Consider the BULL 21Aug. 7.50 calls for $0.80 projected at trigger level today.
Targets: 8.38, 9.26, 10.11