Trade Ideas
UOA PRO New Trade Idea LEN 8-14
3,618 21August 89 calls bought for 1.02 above open interest of 44 contracts; 3,618 21August 93 calls sold for 0.15 above open interest of 180 contracts. EPS *estimated* 09/17. Stock 86.72.
New Trade Idea
Ticker: LEN
Stock: 86.72
Trigger: 88.08
Targets/Resistance: 88.66, 89.49, 90.23, 91.44
Expiration Date: 14AUG
UOA: 3,618 21August 89 calls bought for 1.02 above open interest of 44 contracts; 3,618 21August 93 calls sold for 0.15 above open interest of 180 contracts. EPS *estimated* 09/17. Stock 86.72.
LEN $86.63 Last.
Moderately sized front month OTM call vertical that appears with the stock having sidewaysed, for the most part, for months. IF it breaks out, it would seem to be well-rested while having room to run. Charts slowly improving.
Trigger: $88.08, 100 SMA currently.
Strategy 1: Consider the LEN 21Aug. 89.00 calls for $1.45 projected at trigger level today.
Targets: 88.66, 89.49, 90.23, 91.44