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: 151.45
Targets/Resistance: 153.96, 156.26, 162.54, 166.80, 171.74, 173.86, 176.98, 181.29, 185.20, 187.29
Expiration Date: 21AUG
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.
(The EWY description has been reclassified as a Bullish 3-Way so instead of deleting the bearsider, we’re adding a bullsider just in case this player is buying on news and is “right” to do so!)
Large Oct. set 3-way that was initially categorized as bearish but has been edited to bullish. Charts are
Trigger: $151.45, yesterday’s close.
Strategy 1: Consider the EWY 21Aug. 164.00-190.00 call spread for $6.00 projected at trigger level today. Uncappable. IF, somehow, this comes roaring back, this is a “tall” spread.
Targets: 153.96, 156.26, 162.54, 166.80 (100 SMA currently), 171.74 (20 SMA currently), 173.86, 176.98, 181.29, 185.20, 187.29 (50 SMA currently)