Trade Ideas
UOA PRO New Trade Idea CRCL 7-20
5,200 24July 71 calls bought in mostly one order for 0.50 above open interest of 165 contracts. Stock 62.40-62.66.
New Trade Idea
Ticker: CRCL
Stock: 62.65
Expiration Date: 24JUL
New UOA: 5,200 24July 71 calls bought in mostly one order for 0.50 above open interest of 165 contracts. Stock 62.40-62.66.
We will cover through Friday as customary.
UOA PRO New Trade Idea CRCL 7-14
Ticker: CRCL
Type: Bullish Call Buying
Stock: 61.39
New Trade Idea
Ticker: CRCL
Stock: 61.39
Trigger: 64.15
Expiration Date: 17JUL
UOA: 8,000 17July 70 calls bought in one order for 0.26-0.27 above open interest of 6,678 contracts. Stock 60.71-60.84.
CRCL $61.61 Last.
Large and front week fairly fat OTM call buy of $ cheaps that seem a little too far OTM. However, the stock recently closed a gap that had been in place for several months and may have flushed out quite a few players in doing so. Stock has been more than halved since mid May so IF something ignites this market, this could try to rip. Anothere where few games should be played with risk management should it not work higher for long.
Trigger: $64.15, 10 SMA currently
Strategy 1: Consider the CRCL 17July 65.00 calls for $2.00 projected at trigger level today.
Targets: 66.14, 67.13 (15 SMA currently), 68.81, 70.54 (20 SMA currently), 72.79, 75.70, 77.84