Trade Ideas
UOA PRO New Trade Idea QXO 7-27
4,000 14August 15 calls bought in one order for 0.55 above open interest of 44 contracts. Stock 14.04-14.05.
New Trade Idea
Ticker: QXO
Stock: 14.04
Trigger: 14.07
Expiration Date: 14AUG
UOA: 4,000 14August 15 calls bought in one order for 0.55 above open interest of 44 contracts. Stock 14.04-14.05.
QXO $13.94 Last.
Moderately sized mid-Aug. slightly OTM call buy.
Trigger: $14.07, today’s current high. Another that’s aggressive given the poor technicals that are downtrend-dominate.
Strategy 1: Consider the QXO 14Aug. 13.00 calls for $1.55 projected at trigger level today. Appears to be EPS-Inclusive for the lead up and into EPS if electing to do so. Sets up for a roll, hopefully.
Targets: 14.39 (15 SMA currently), 14.98 (20 SMA currently), 15.54, 16.04 (50 SMA currently)