Trade Ideas
UOA PRO New Trade Idea QGEN 7-27
10,000 21August 40 calls bought for 3.05 above open interest of 7,588 contracts; 20,000 21August 45 calls sold for 1.27 above open interest of 6,577 contracts. Stock 41.43.
New Trade Idea
Ticker: QGEN
Stock: 41.51
Trigger: 41.99
Expiration Date: 21AUG
UOA: 10,000 21August 40 calls bought for 3.05 above open interest of 7,588 contracts; 20,000 21August 45 calls sold for 1.27 above open interest of 6,577 contracts. Stock 41.43.
QGEN $41.58 Last.
Large Aug. set slightly ITM clal buy. Charts mixed too good. Above $42.00ish seems to open up a little room and above the 100 SMA much more it would seem.
Trigger: $41.99.
Strategy 1: Consider the QGEN 21Aug. 40.00 calls for $3.65 projected at trigger level today. EPS-Inclusive for the lead up and into EPS if electing to do so. Be advised that this options book is not of high quality.
Targets: 42.60, 43.25 (100 SMA currently), 43.73, 44.08, 44.90