Trade Ideas
UOA PRO New Trade Idea RKLB 8-5
25,000 07August 80 calls bought in mostly one order for 0.62 to 0.83 above open interest of 4,858 contracts. EPS 08/10 after close. Stock 75.04-75.40.
New Trade Idea
Ticker: RKLB
Stock: 75.26
Trigger: 77.85
Targets/Resistance: 78.59, 80.59, 81.89, 83.08, 85.34, 87.82, 89.27, 93.24
Expiration Date: 14AUG
UOA: 25,000 07August 80 calls bought in mostly one order for 0.62 to 0.83 above open interest of 4,858 contracts. EPS 08/10 after close. Stock 75.04-75.40.
RKLB $74.41 Last.
Massive front week OTM call buy transacts but EPS are early next week???? Pre-EPS run about to commence? Will “other” news launch it? Possible lower low flushout may have completed last week and the stock, which was more than halved from May through July, has bounced back over the past few sessions. Have to prep now in case news sparks a pre-EPS run.
Trigger: $77.85, 200 SMA currently.
Strategy 1: Consider the RKLB 07Aug. 78.00 calls for $2.05 projected at trigger level today.
Strategy 2: Consider the RKLB 14Aug. 80.00-95.00 call spread for $3.60 projected at trigger level today. Uncappable. Many ways to go with EPS positioning but this is serving as the placeholder for this one. This Strat option is for daredevils that want to “be in” for the EPS Reaction to experience the thrill of victory or the agony of defeat.
Targets: 78.59, 80.59, 81.89, 83.08, 85.34, 87.82, 89.27 (100 SMA currently), 93.24 (50 SMA currently)