Trade Ideas
UOA PRO New Trade Idea EWY 7-29
12,500 16October 165 calls bought for 13.49 above open interest of 740 contracts; 12,500 16October 220 calls sold for 3.02 above open interest of 6,295 contracts; 12,500 16October 130 puts sold for 10.08 above open interest of 6,795 contracts. Stock 149.08.
New Trade Idea
Ticker: EWY
Stock: 148.65
Trigger: 147.50
Targets/Resistance: 136.38
Expiration Date: 07AUG
UOA: 12,500 16October 165 calls bought for 13.49 above open interest of 740 contracts; 12,500 16October 220 calls sold for 3.02 above open interest of 6,295 contracts; 12,500 16October 130 puts sold for 10.08 above open interest of 6,795 contracts. Stock 149.08.
EWY $148.35 Last.
Large Oct. set 3 eway that’s being categorized as bearish so presuming a short stock position likely accompanies these opitons positions. Could have more room to fall since our prior bearside idea.
Trigger: $147.50, today’s current low.
Strategy 1: Consider the EWY 07Aug. 145.00-130.00 put spread for $5.40 projected at trigger level today. Uncappable.
Targets: 146.79, 140.07, 138.73, 136.38 (200 SMA currently), 134.02, 131.88