Trade Ideas
UOA PRO New Trade Idea IBIT 8-19
38,000 25September 39.50 calls bought in mostly one order for 0.68-0.69 above open interest of 114 contracts. Stock 37.35-37.36.
New Trade Idea
Ticker: IBIT
Stock: 37.36
Trigger: 37.59
Expiration Date: 21AUG
UOA:
08/19/2026 11:01:20 AM IBIT Bullish Call Buying 37.36 38,000 25September 39.50 calls bought in mostly one order for 0.98-0.99 above open interest of 114 contracts. Stock 37.35-37.36.
08/19/2026 10:05:23 AM IBIT Bullish Call Buying 36.88 30,000 20November 45 calls bought in one order for 0.69-0.71 above open interest of 8,586 contracts. Stock 36.90.
IBIT $37.54 Last.
2 massive OTM call buys set in Late Sept. and Nov. respectively. Size is serious and worthy of a look. Been basing for a a while and charts are flashing nicely. Stock volume surging and thus a relief rally certainly seems possible.
Trigger: $37.59, today’s current high.
Strategy 1: Consider the IBIT 21Aug. 37.00 calls for $0.82 projected at trigger level today.
Targets: 38.92, 39.05 (100 SMA currently), 40.11 (150 SMA currently), 41.75, 43.19 (200 SMA currently)