Trade Ideas
UOA PRO New Trade Idea NVTS 7-22
20,200 07August 15 calls bought in mostly one print/order for 0.90-0.97 above open interest of 215 contracts. Stock 12.91-13.15.
New Trade Idea
Ticker: NVTS
Stock: 13.06
Trigger: 13.57
Targets/Resistance: 14.49, 15.95
Expiration Date: 31JUL
UOA: 20,200 07August 15 calls bought in mostly one print/order for 0.90-0.97 above open interest of 215 contracts. Stock 12.91-13.15.
NVTS $12.80 Last.
Very large early Aug. set slightly OTM call buy that appears a little in front of EPS. Charts are flashing a little something right now but they’re not bullish just yet. The stock is however hanging in there solidly despite the market’ afternoon weakness. SMH made a new high for the week today after gapping lower and it is trying to breakout beyond our resistance line. GOOGL’s EPS Release after the bell today could set the tone for the overnight session into tomorrow so if the Gang finds a way to get the market running again, we want to be ready here.
Trigger: $13.57, 150 SMA currently but those electing to opt for EPS Speculation may simply want to “be in” a position prior to the EPS release after connecting the dots.
Strategy 1: Consider the NVTS 31July 13.00 calls for $1.65 projected at trigger level today.
Targets: 14.49 (20 SMA currently), 15.95 (100 SMA currently)