Trade Ideas
UOA PRO New Trade Idea ORCL 8-11
12,070 25September 105 puts bought in one print for 1.33 above open interest of 21 contracts. EPS *estimated* 09/08. Stock 147.24.
New Trade Idea
Ticker: ORCL
Stock: 147.24
Trigger: 144.81
Targets/Resistance: 139.57, 131.39
Expiration Date: 21AUG
UOA: 12,070 25September 105 puts bought in one print for 1.33 above open interest of 21 contracts. EPS *estimated* 09/08. Stock 147.24.
ORCL $147.37 Last.
Large late Sept. set OTM put buy appears after the stock got liftoff from the July low. Charts are looking better but the LT trends are still down. Want to have “bears” we can go to if the market disrails in the near term, for whatever reason(s).
Trigger: $144.81, today’s current low.
Strategy 1: Consider the ORCL 21Aug. 145.00-130.00 put spread for $4.75 projected at trigger level today. Uncappable.
Targets: 139.57 (10 SMA currently), 131.39 (20 SMA currently)