Trade Ideas
UOA PRO New Trade Idea OSCR 8-5
7,250 07August 35 calls bought in mostly one order for 0.65 above open interest of 483 contracts. EPS 08/06 before open. Stock 30.79.
New Trade Idea
Ticker: OSCR
Stock: 30.79
Trigger: 30.95
Targets/Resistance: 31.52, 33.10, 35.69, 37.87
Expiration Date: 07AUG
UOA: 7,250 07August 35 calls bought in mostly one order for 0.65 above open interest of 483 contracts. EPS 08/06 before open. Stock 30.79.
OSCR $30.69 Last.
Large front week “OTM” call buy appear with EPS looming before market open tomorrow. IV is very elevated in the front week so perhaps this player expects something out of the ordinary? Definitely one for researchers that can operate under time pressure! Charts very good due to stock having rested for so long.
Trigger: $30.95, this week’s open but some may simply want to “be in” a postition regardless of the trigger level.
Strategy 1: Consider the OSCR 07Aug. 32.00 calls for $1.35 projected at trigger level today. Many ways to go with EPS positioning but this is serving as the placeholder for this one.
Targets: 31.52, 33.10, 35.69, 37.87