Trade Ideas

UOA PRO New Trade Idea FRMI 7-21

9,800 31July 8 calls bought in mostly one order for 0.20 to 0.25 above open interest of 1,300 contracts. Stock 6.29-6.39.

By Wayne Razzi | Market Rebellion · July 21, 2026

New Trade Idea

Ticker: FRMI
Stock: 6.39
Trigger: 6.61
Expiration Date: 31JUL

UOA: 9,800 31July 8 calls bought in mostly one order for 0.20 to 0.25 above open interest of 1,300 contracts. Stock 6.29-6.39.

FRMI $6.48 Last.

Large week out slightly OTM call buy. MAY have a higher low in place again from which it may be trying to springboard again. Has possible pre-EPS run with EPS set in Aug. With a surge, the charts could flip solidly bullish.

Trigger: $6.61.

Strategy 1: Consider the FRMI 31July 6.00 calls for $0.95 projected at trigger level today. Selected for roll up if it pops.

Targets: 7.01, 7.55 (20 SMA currently), 8.28, 8.76