Trade Ideas
UOA PRO New Trade Idea MTUM 7-28
7,774 21August 305 calls bought in one order/two prints for 6.30-6.40 above open interest of 72 contracts. Stock 293.24.
New Trade Idea
Ticker: MTUM
Stock: 293.24
Trigger: 295.06
Targets/Resistance: 302.09, 303.24, 304.92
Expiration Date: 31JUL
UOA: 7,774 21August 305 calls bought in one order/two prints for 6.30-6.40 above open interest of 72 contracts. Stock 293.24.
MTUM $292.19 Last.
Large Aug. set OTM call buy that appears with MTUM having slid below the 100 SMA but is trying to reverse higher as the “save” of the market playbook is put in motion. Can’t rule out a squeeze back up somewhat in the short term. Seemingly has “room” before hitting resistance if it can trigger.
Trigger: $295.06, today’s current high.
Strategy 1: Consider the MTUM 31July 295.00 calls for $4.85 projected at trigger level today. Only if this trigger soon. Would look to same strike in 07Aug. expiry if this triggers late on Wednesday or after.
Targets: 302.09, 303.24, 304.92