Trade Ideas
UOA PRO New Trade Idea INFY 7-29
100,000 21August 15 calls bought in mostly one print/oder for 0.10 to 0.30 above open interest of 1,146 contracts. Stock 12.61-12.66.
New Trade Idea
Ticker: INFY
Stock: 12.66
Trigger: 12.88
Targets/Resistance: 13.56, 13.87
Expiration Date: 21AUG
UOA: 100,000 21August 15 calls bought in mostly one print/order for 0.10 to 0.30 above open interest of 1,146 contracts. Stock 12.61-12.66.
INFY $12.66 Last.
Massive OTM call buy in a name that has been bouncing heavily post earnings. Any relief rally in the QQQ’s over the next few days/weeks may send speculative tech names into a ripping rally. UOA is too large to pass up on.
Trigger: $12.88 (06/03 high)
Strategy 1: Consider the INFY 21AUG 12.00 calls for $1.20 projected at trigger level. Spreads currently a bit wide but tradeable.
Targets:13.56, 13.87