Trade Ideas
UOA PRO New Trade Idea HUT 8-12
2,000 21August 95 calls bought for 3.77-3.79 above open interest of 1,542 contracts; 2,000 21August 98 calls sold for 2.84 above open interest of 34 contracts. Stock 90.14.
New Trade Idea
Ticker: HUT
Stock: 91.50
Trigger: 94.19
Targets/Resistance: 96.79, 99.63, 105.11
Expiration Date: 21AUG
UOA: 2,000 21August 95 calls bought for 3.77-3.79 above open interest of 1,542 contracts; 2,000 21August 98 calls sold for 2.84 above open interest of 34 contracts. Stock 90.14.
HUT $92.09 Last.
Small week out OTM call vertical. Alert just tripped. Stock is acting a little sneaky good here as it is starting to move back up but is well below today’s open. It’s been consolidating for some time but it could be getting close now and the market has effectively been listless now for a full week. Granted, it is August but the Gang could have a resumption of squeezing in mind after holding gains fairly well now for some time.
Trigger: $94.19, 100 SMA currently. Aggressive frankly but can’t wait too long!
Strategy 1: Consider the HUT 21Aug. 95.00-110.00 call spread for $4.00 projected at trigger level today. Uncappable.
Targets: 96.79 (10 SMA currently), 99.63 (20 SMA currently), 105.11 (50 SMA currently)