Trade Ideas
UOA PRO New Trade Idea PLNT 7-17
15,000 21August 50 calls bought for 5.29 above open interest of 9,341 contracts; 15,000 21August 57.50 calls sold for 1.87 above open interest of 9,251 contracts. Adds to trade on Log 07/16. EPS *estimated* 08/05. Stock 52.70.
New Trade Idea
Ticker: PLNT
Stock: 52.70
Trigger: 53.86
Targets/Resistance: 54.68, 56.17, 57.24, 28.46, 59.30, 60.31, 61.41
Expiration Date: 21AUG
UOA:
07/17/2026 2:10:38 PM PLNT Bullish Call Spread 52.70 15,000 21August 50 calls bought for 5.29 above open interest of 9,341 contracts; 15,000 21August 57.50 calls sold for 1.87 above open interest of 9,251 contracts. Adds to trade on Log 07/16. EPS *estimated* 08/05. Stock 52.70. Consumer Discretionary
07/16/2026 12:26:15 PM PLNT Bullish Call Spread 53.08 9,000 21August 50 calls bought for 5.56 above open interest of 612 contracts; 9,000 21August 57.50 calls sold for 2.01 above open interest of 196 contracts. Rolled from 5,000 17July 50 calls sold for 2.99 below open interest of 13,542 contracts. Stock 53.00. Consumer Discretionary
PLNT $52.70 Last.
Another ITM call spread hits the tape today so this dormant name makes it into our log. This is now quite a sizeable position. Charts aren’t very good quite frankly but said dormancy allows them to flip bullishly with just a little bit of positive momentum, potentially. Massive gap fill potential IF it can rumbling and the market finds its bullish mojo again.
Trigger: $53.86, recent high close.
Strategy 1: Consider the PLNT 21Aug. 55.00 calls for $3.35 projected at trigger level today. Tough book to deal in as it stands right now.
Targets: 54.68, 56.17, 57.24, 28.46, 59.30, 60.31, 61.41