Trade Ideas
UOA PRO New Trade Idea S 7-31
2,100 14August 20 calls bought in mostly one order for 0.37-0.50 above open interest of 1,159 contracts. EPS *estimated* 08/27. Stock 18.50-18.83.
New Trade Idea
Ticker: S
Stock: 18.86
Trigger: 19.05
Targets/Resistance: 19.96, 20.26
Expiration Date: 14AUG
UOA: 2,100 14August 20 calls bought in mostly one order for 0.37-0.50 above open interest of 1,159 contracts. EPS *estimated* 08/27. Stock 18.50-18.83.
S $18.86 Last.
OTM call buy in a name that has held its ground over the last ~10 sessions and is showing signs of life today. May be shaping up for a pre-earnings run here and any risk-on environment next week could send names like this up nicely.
Trigger: $19.05, (7/10 high) – enough away to see this really get moving.
Strategy 1: Consider the S 14Aug. 19 for $0.98 projected at trigger level.
Targets: 19.96, 20.26