Trade Ideas
UOA PRO New Trade Idea COF 8-5
2,130 14August 227.50 calls bought for 2.91 above open interest of 31 contracts; 2,130 14August 232.50 calls sold for 1.74 above open interest of 6 contracts. Stock 221.95.
New Trade Idea
Ticker: COF
Stock: 222.30
Trigger: 223.62
Targets/Resistance: 224.84, 226.69, 228.72, 229.74, 231.41
Expiration Date: 14AUG
UOA: 2,130 14August 227.50 calls bought for 2.91 above open interest of 31 contracts; 2,130 14August 232.50 calls sold for 1.74 above open interest of 6 contracts. Stock 221.95.
COF $221.74 Last.
Small week out OTM call vertical. XLF made new ATH today and is hanging in there as the market backs off today’s opening highs. Should the market just be taking a breather, COF could resume running again with the charts shaping up to support it doing so aside from a little ST OBness.
Trigger: $223.62, today’s current high.
Strategy 1: Consider the FLY 14Aug. 225.00 calls for $3.65 projected at trigger level today.
Targets: 224.84, 226.69, 228.72, 229.74, 231.41